Henry has an original outside basis in his partnership inter…

Henry has an original outside basis in his partnership interest of $49,000. In year one the partnership allocates the following items to Henry: ordinary income of $4,500, separately stated losses of $1,500, an alternative minimum preference item of $900, and distributions of $7,500. Henry’s basis in his partnership interest at the end of the year is:

John is a limited partner in PK Partnership. His distributiv…

John is a limited partner in PK Partnership. His distributive share of partnership income and his guaranteed payment for the year are as follows: Ordinary income $40,000 Short-term capital gain $25,000 Guaranteed payment $30,000 What is his self-employment income?