income tax 2

The adjusted cost base of C's limited partnership interest was $50.000 on January 1 of the current year. The partnership allocated $36,000 of profit to C in the current year. The allocated profit consisted of $30,000 business income and $6,000 capital gains. In the previous year the partnership loaned $20,000 to C. This loan remains outstanding at the end of the current year Determine C's at-risk amount at the end of the current year. $