Which of the following items may be treated as ordinary inco

Which of the following items may be treated as ordinary income to a retiring partner? a. A partner\'s distributive share b. A partner\'s pro rata share of partnership cash. c. Goodwill established in the partnership agreement. d. Property payments to retiring partner.

Solution

The Answer is \"A\"

A. A Partner\'s Distributive share.

Remaining Partners Distribute share of Partnership income to Retiring Partner as Ordinary Income.