Nate Is a Partner in a Partnership That Received $5,000

Multiple Choice

Nate is a partner in a partnership that received $5,000 of interest income this year.Nate's share of the interest is $1,000, and he should report this income on his individual return as:

A) business income.
B) income from a partnership.
C) interest income.
D) dividend income because the partnership intends to organize next year as a limited liability company.
E) All of these choices are correct.