Did I do this right? Thanks... The CC Partnership has two equal partners, Cameron and Chase. In
the current year, the partnership earns $340,000 of ordinary income (all business) and recognizes
a $14,200 long-term capital gain. Cameron is married, files a joint return, and claims a standard
deduction. Other than partnership items, Cameron has only a $5,900 short-term capital loss at the
individual level. What is Cameron's taxable income? (Ignore the deduction for one-half of self-
employment tax.).
Did I do this right Thanks... The CC Partnership has two equal part.pdf
1. Did I do this right? Thanks... The CC Partnership has two equal partners, Cameron and Chase. In
the current year, the partnership earns $340,000 of ordinary income (all business) and recognizes
a $14,200 long-term capital gain. Cameron is married, files a joint return, and claims a standard
deduction. Other than partnership items, Cameron has only a $5,900 short-term capital loss at the
individual level. What is Cameron's taxable income? (Ignore the deduction for one-half of self-
employment tax.)
