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8.Under what conditions would a vacation home to be classified as a rental? 9.If a partner in a limited partnership is considered not at risk,

8.Under what conditions would a vacation home to be classified as a rental?

9.If a partner in a limited partnership is considered not at risk, what impact would that have on the partners tax return if:

A. The partnership reflects a net profit

B. The partnership reflects a net loss

10.If a taxpayer is considered to not be at risk with regard to a business activity, what happens to losses that have been incurred?

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