Page 16 - Partnerships
P. 16

PARTNERSHIPS




                                                           Example








                                                   Total               Chad                  Mat                   Peter



                         Previously               100%                 50%                   50%                    0%

                   included in income


                        Owing at y/e              100%                33.33%                 33.33%                33.33%




                      Deductible as              66.66%               33.33%                 33.33%                 0%

                          follows


















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