Marica Chama - Page 4
Legal Research Home >
US Tax Court > 2001 > Marica Chama - Page 4
- 4 -
The parties stipulated that petitioner’s interest in the
Partnership was 5 percent and that the Partnership had a gain of
$1,239,600. Therefore, 5 percent of that amount, the $61,983
reported on the Schedule K-1, is the “distributive share” which
petitioner must report as her gross income. Sec. 702(c).
Accordingly, we sustain respondent’s determination.
Decision will be entered
for respondent.
Page: Previous 1 2 3 4
Last modified: May 25, 2011
|
