LO.2 Ken invested $200,000 for a 30% interest in a partnership in which he is a material
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LO.2 Ken invested $200,000 for a 30% interest in a partnership in which he is a material participant. The partnership borrowed $250,000 from a bank and used the proceeds to acquire equipment. What is Ken’s at-risk amount if the $250,000 was borrowed on a recourse loan?
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South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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