Question
132. Pat invests in a limited partnership and pays $150,000 for a 10% interest. He receives a K-1 with his loss at $80,000. How much
132. Pat invests in a limited partnership and pays $150,000 for a 10% interest. He receives a K-1 with his loss at $80,000. How much of his loss is suspended under the at-risk rules?
a. $0.
b. $8,000.
c. $15,000.
d. $80,000.
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
