enna began the year with a tax basis of $46,000 in her partnership interest. Her share of partnership debt consists of $10,000 of recourse debt and $12,000 of nonrecourse debt at the beginning of the year and $10,000 of recourse debt and $15,000 of nonrecourse debt at the end of the year. During the year, she was allocated $63,000 of partnership ordinary business loss. Jenna does not materially participate in this partnership and she has $7,000 of passive income from other sources.

a. How much of Jennas loss is limited by her tax basis?

enna began the year with a tax basis of $46,000 in her partnership interest. Her share of partnership debt consists of $10,000 of recourse debt and $12,000 of nonrecourse debt at the beginning of the year and $10,000 of recourse debt and $15,000 of nonrecourse debt at the end of the year. During the year, she was allocated $63,000 of partnership ordinary business loss. Jenna does not materially participate in this partnership and she has $7,000 of passive income from other sources.

a. How much of Jennas loss is limited by her tax basis?

b. How much of Jennas loss is limited by her at-risk amount?

c. How much of Jennas loss is limited by the passive activity loss rules?