Larry recently invested $20,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is also $20,000. In addition, Larrys share of the limited partnership loss for the year is $2,000, his share of income from a different limited partnership was $1,000, and he had $3,000 of dividend income from the stock he owns. How much of Larry's $2,000 loss from the limited partnership can he deduct in the current year?

Deductible Loss?

Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley. In 2014, their AGI is $170,000. Jackson and Ashley each earned half of the income. (Leave no cells blank - be certain to enter "0" wherever required.)

a.	How much can Ashley contribute to her Roth IRA if they file a joint return?