Question
40. Calista is allocated a 20,000 loss from her partnership. Calistas basis in the partnership before considering the loss is 22,000 (outside basis). Her at-risk
40.
Calista is allocated a 20,000 loss from her partnership. Calistas basis in the partnership before considering the loss is 22,000 (outside basis). Her at-risk amount is 12,000. Calculate the amount of her at-risk carryover for the year.
| a. $20,000. | ||
| b. $8,000. | ||
| c. $12,000. | ||
| d. None of the above. |
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A History Of Accountancy In The United States
Authors: Gary John Previts, Barbara Dubis Merino
98th Edition
0814207286, 978-0814207284
