Mark for follow up Question 59 of 75. Lisa Dappers is single and has a modified AGI of $64.550. She has income of $7,500 from a limited partnership in which she does not materially participate, and she has a loss of $8,550 from active participant rental real estate activities. Lisa is not a real estate professional. What is the amount of passive activity losses allowed in 20197 O $1,050 O $7,500 $8,660 $16,060- Mark for follow up Question 60 of 75. A general partner in a partnership is a partner who O is personally liable for partnership debts only up to the amount of money or other property that the partner contributed to the partnership O Is personally liable for the partnership's nonrecourse loans. Is personally liable for partnership debts. O Adheres to generally accepted accounting principals Mark for follow up Question 61 of 75. Aaron Jennings, a limited partner in an engineering firm, is guaranteed a payment of $50,000 each year without regard to the firm's profits or losses. Assuming the payment is correctly reported to him on a Schedule K-1. how should Aaron report this income on his tax return? O Passive income, reported on Schedule E. Nonpassive income, reported on Schedule E. Wages, salaries, tips, etc., reported directly on Form 1040 O Other income, reported directly on Form 1040 Mark for follow up Question 62 of 75. Each of the following represents a potential limitation on partnership losses that can be deducted on the partner's personal income tax return EXCEPT O The partner's share of Section 263(A) preproductive expenses. The partner's share of the entity's loss that exceeds the adjusted basis of the partner's interest in the entity at year end O Amounts for which the partner is not at risk from an activity carried on as a trade or business by the partnership entity O For an individual partner, a loss related to rental activities Mark for follow up Question 63 of 75