GFH Decorators is a calendar year partnership that specializes in home interior design. GFH Decorators income and expenses for the current year are provided in the exhibit.
Based on the information provided, complete the Schedule K-1 for Fred, a 30 percent partner, in the table below. Enter all amounts as positive whole values. If an amount is zero, enter a zero (0).
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Ordinary business income (loss) | |
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MACRS depreciation | |
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Guaranteed payments | |
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Ordinary dividends | |
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Net short-term capital gain (loss) | |
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Net long-term capital gain (loss) |