3 rex became a partner with a 30% interest in the partnership profits when he invested $200,000. in 2016, the partnership generated $400,000 of taxable income, and rex withdrew $100,000. in 2017, the partnership had $600,000 of taxable income, and rex withdrew $200,000. what is rex’s gross income from the partnership in 2016 and 2017
3 rex became a partner with a 30% interest in the partnership profits when he invested $200,000. in 2016, the partnership generated $400,000 of taxable income, and rex withdrew $100,000. in 2017, the
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