J . T . is a limited partner in Nole, LP , and he is a passive
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JT is a limited partner in Nole, LP and he is a passive participant in the partnership. At the beginning of the tax year, JTs basis in his partnership interest was $ This basis amount included $ of nonrecourse debt. David earned $ of passive income from another passive activity during the tax year, and his share of ordinary loss from Nole, LP is $
How much if any of the $ loss would be suspended under the passive loss limitation
Related Book For
Thomas Calculus Early Transcendentals
ISBN: 9780321884077
13th Edition
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
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