delta partnership has four equal partners. at the beginning of the year, drew was one of the delta partners, but on october 1, he sold his partnership interest to cody. required: if delta's ordinary income for the year was $476,000, what portion of this income should be allocated to drew, and what portion should be allocated to cody?

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LacrosseGator8961idn LacrosseGator8961idn

02-11-2022
Business

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delta partnership has four equal partners. at the beginning of the year, drew was one of the delta partners, but on october 1, he sold his partnership interest to cody. required: if delta's ordinary income for the year was $476,000, what portion of this income should be allocated to drew, and what portion should be allocated to cody?

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