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J . T . is a limited partner in Nole, LP , and he is a passive participant in the partnership. At the beginning of
JT is a limited partner in Nole, LP and he is a passive participant in the partnership. At the beginning of the tax year, JTs basis in his partnership interest was $ This basis amount included $ of nonrecourse debt. David earned $ of passive income from another passive activity during the tax year, and his share of ordinary loss from Nole, LP is $
How much if any of the $ loss would be suspended under the passive loss limitation
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