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Mark owns a 20% interest in a partnership (not real estate) in which his at-risk amount is $44,000 at the beginning of the year. During
Mark owns a 20% interest in a partnership (not real estate) in which his at-risk amount is $44,000 at the beginning of the year. During the year, the partnership borrows $90,000 on a recourse note and incurs a loss of $80,000 from operations. Marks at-risk amount at the end of the year is $46,000.
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