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1) the partnership of Truman and Hanover realized the following items of income during the year ended December 31, 2018:

1) the partnership of Truman and Hanover realized the following items of income during the year ended December 31, 2018:


Net Income from operations $65,000

Dividends from domestic corporations $4,000

Interest on corporate bonds $3,000

Net long-term capital gains $5,000

Net short-term capital gains $1,000


Both the partners are on a calendar year basis. What is the total income which should be reported as ordinary income from business activities of the partnerships for 2018.

a) $0

b) $65,000

c) $69,000

d) $71,000

e) none of the above

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