ER General Partnership, a Medical Supplies Business, States in Its

ER General Partnership, a medical supplies business, states in its partnership agreement that Erin and Ryan agree to split profits and losses according to a 40/60 ratio. Additionally, the partnership will provide Erin with a $15,000 guaranteed payment for services she provides to the partnership. ER Partnership reports the following revenues, expenses, gains, losses, and distributions for its current taxable year:
$$\begin{array} { | l | r | } \hline \text { Gain on Sale of Land } & \$ 4,000 \\\hline \text { MACRS Depreciation } & \$ 7,500 \\\hline \text { Charitable Contributions } & \$ 12,500 \\\hline \text { Sales } & \$ 40,000 \\\hline \text { Interest Income } & \$ 500 \\\hline \text { Cost of Goods Sold } & \$ 32,000 \\\hline 179 \text { Expense } & \$ 7,000 \\\hline \text { Tax-Exempt Income } & \$ 2,000 \\\hline \text { Other Income } & \$ 5,000 \\\hline\end{array}$$
*The Land is a Section 1231 asset

Given these items, answer the following questions:

A. Compute Erin's share of ordinary income (loss) and separately-stated items. Include her self-employment income as a separately-stated item.
B. Compute Erin's self-employment income, except assume ER Partnership is a limited partnership and Erin is a limited partner.
C. Compute Erin's self-employment income, except assume ER Partnership is an LLC and Erin is personally liable for half of the debt of the LLC. Apply the IRS's proposed regulations in formulating your answer.