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In 2015, Andrew contributed equipment with an adjusted basis of $36,000 and a FMV of $34,000 to Construction Limited Partnership (CLP) in return for a

In 2015, Andrew contributed equipment with an adjusted basis of $36,000 and a FMV of $34,000 to Construction Limited Partnership (CLP) in return for a 3% limited partnership interest. Andrews share of CLP income and losses for the year were as follows:

Interest $ 1,300
Dividends 1,100
Capital gain 1,700
Ordinary loss (5,125 )

CLP had no liabilities. What are Andrews initial basis, allowed losses, and ending at-risk amount?

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