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taxpayer owns an interest in a partnership which rents property. This is his sole source...

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Accounting

taxpayer owns an interest in a partnership which rents property. This is his sole source of income and produces efined taxable income. Together, he receives $70,000 of rental income. One of the properties sold during the year which ives the taxpayer $50,000 of capital gains income of a long-term nature. What amount of this income is eligible for the 0% pass-through income deduction? (Assume all other tests are met) Select one: O a. $14,000 b. $10,000 c. $24,000 O d. so Previous page O 6.9 NM P Flag question O Next page 56 61 66 71 51 46 36 41 26 31 = 21 16 N 53 57 72 62 67

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