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  3. partner x is 50 partner in xy partnership machine 9000...

Question: partner x is 50 partner in xy partnership machine 9000...

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partner x is 50% partner in xy partnership

machine 9000 basic 21000 value

land 80000 basic 100000 value

note 1 15000 basic 15000 value

note 2 90000 basic 90000 value

deprecation on the machine was allocated to 1/3 to x and 2/3 to y both notes are recourse if partner x capital account is (5000) and Y neg capital account (10000) how much f the partnership taxable income if 18000 will be allcated to y

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