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. In 2019, Peppermint Patty invests $140,000 in a limited partnership that is not a passive activity (only the at-risk rules apply). During 2019,
. In 2019, Peppermint Patty invests $140,000 in a limited partnership that is not a passive activity (only the at-risk rules apply). During 2019, her share of the partnership loss is $85,750. In 2020, her share of the partnership loss is $72,300. How much can Peppermint Patty deduct on her 2019 tax return? . What is the amount of Peppermint Patty's at-risk basis at the end of 2019? What is the amount of Peppermint Patty's suspended losses at the end of 2019? c. d. How much can Peppermint Patty deduct on 2020 tax return? What is the amount of Peppermint Patty's at-risk basis at the end of 2020? What is the amount of Peppermint Patty's suspended losses at the end of 2020?
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