Question
Disney reported the following information related to his ownership in pass through entities for 2020. Pass-through Entity Participation At-Risk Beginning of 2020 2020 Share of
Disney reported the following information related to his ownership in pass through entities for 2020.
| Pass-through Entity | Participation | At-Risk Beginning of 2020 | 2020 Share of Income/(Loss) |
| Grumpy LP | Passive | 46,000 | (76,000) |
| Sleepy LP | Passive | 21,000 | 6,000 |
| Bashful LP | Active | 50,000 | (56,000) |
| Happy LP | Passive | 131,000 | 32,000 |
Calculate Disneys AGI (showing your work). What is the amount of any suspended loss and why is it suspended?
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Finance For Non-Finance Executives
Authors: Anurag Singal
1st Edition
1952538327, 9781952538322
