Beau is a 20% member in Sparrow Properties, LLC., His

share of the LLCs losses for the current year is $100,000.

Immediately before considering the deductibility of this

loss, Beaus capital account reflected a balance of

$50,000. He personally guaranteed a $10,000 debt of the

LLC that is recourse debt. His share of the LLCs

nonrecourse debt is $30,000. This is a passive activity. Beau also has passive income from Cardinal Rentals, LLC.

His share of Cardinals income is $36,000.

a) What is Beaus OVERALL limit?

b) What is Beaus AT RISK limit?

c) What is Beaus PASSIVE limit?

d) How much of Sparrows $100,000 loss can Beau deduct on his

current calendar year return?