In 2013, Fred invested $50,000 in a general partnership Freds interest is not considered to be a passive activity If his share of the partnership losses is $35,000 in 2013 and $25,000 in 2014, how much can he deduct in each year ...

The atrisk rules limit Freds deductions He can deduct 35000 in 2013 thereb ...

In 2013, Fred invested $50,000 in a general partnership. Freds interest is not considered to be a

Question:

In 2013, Fred invested $50,000 in a general Fred’s interest is not considered to be a passive activity. If his share of the losses is $35,000 in 2013 and $25,000 in 2014, how much can he deduct in each year?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...