There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;
A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.
General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).
Learn more from
https://brainly.com/question/22848646
Learn more from