Pam owns a small rental office building that she actively manages and she spends about 300 hours per year working on building matters. The rental loss from operating the building is $9,000. Pam adjusted gross income is $138,000 (from employment income of $133,000 and dividend income of $5,000) . (CH11)

What is the amount of Pam's deductible rental loss?

**4000 is incorrect

Rodney invested $50,000 in a partnership interest during January of 2020. Under the partnership agreement, Rodney was allocated $25,000 of the partnership's recourse loans at the time of entering into the partnership. During 2020, Rodney's share of income from the partnership was $8,000 and he withdrew $6,000 in cash. Also during the year, the partnership paid off $50,000 of its recourse loans and Rodney's allocable share of this loan reduction was $5,000. At the beginning of 2021, what was Rodney's amount at risk in the partnership investment?

**32000 is incorrect