Adam owns interests in partnerships A and B,both of which are Publicly Traded Partnerships.During the current year,Adam's share of the income from A is $12,000.Adam's share of B's loss is $3,500.B also generates portfolio income of which Adam's share is $2,000.What are the tax consequences of these income and loss items?

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The Answer of Adam owns interests in partnerships A and B,both of which are Publicly Traded Partnerships.During the current year,Adam's share of the income from A is $12,000.Adam's share of B's loss is $3,500.B also generates portfolio income of which Adam's share is $2,000.What are the tax consequences of these income and loss items?

Adam Owns Interests in Partnerships a and B,both of Which