Dolores is a limited partner in the Houston Hopes partnership. This year, she was forced under the

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Dolores is a limited partner in the Houston Hopes partnership. This year, she was forced under the terms of the agreement to make a $50,000 contribution to capital because the general partners were unable to meet the operating expenses of the entity. Dolores’s basis in the partnership prior to the contribution was $40,000, but her at-risk amount was zero because of her limited partner status and her prior-year pass-through losses. What is her at-risk amount after the $50,000 cash call?

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Federal Tax Research

ISBN: 9781111221645

9th Edition

Authors: William Raabe, Gerald Whittenburg, Debra Sanders, Roby Sawyers, Steven Gill

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