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8. W owns limited partnership interests in three partnerships. She is not a professional real estate developer. The Schedule K-1s received from the partnerships for
8. W owns limited partnership interests in three partnerships. She is not a professional real estate developer. The Schedule K-1s received from the partnerships for last year reported the following: a. Compute W's carryforward under Code Sec. 704(d) for each partnership. W's basis in partnership A is $50,000,Ws basis in partnership B is $25,000, and Ws basis in partnership C is $15,000 (these are calculated as W's tax basis capital accounts plus W's share of liabilities). b. Determine W's carryforward under Code Sec. 465. c. What is her total carryforward under Code Sec. 469 ? How much is attributable to partnership A
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