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Pat invests in a limited partnership and pays $150,000 for a 10% interest. He receives a K-1 with his loss at $80,000. How much of
Pat invests in a limited partnership and pays $150,000 for a 10% interest. He receives a K-1 with his loss at $80,000. How much of his loss is suspended under the at-risk rules?
$0. | ||
$8,000. | ||
$15,000. | ||
$80,000. Income Tax |
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