(Solution) - Austin Becker is an electing large partnership During the -(2025 Original AI-Free Solution)
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Austin & Becker is an electing large partnership. During the current year, the partnership has the following income, loss, and deduction items:
Ordinary income ???????????????. $5,200,000
Rental loss ?????????????????? (2,000,000)
Long-term capital loss from investments ??????. (437,100)
Short-term capital gain from investments ??????. 827,400
Charitable contributions ????????????? 164,000
a. What ordinary income will Austin & Becker report?
b. What are the separately stated items for Austin & Becker?