Required information The following information applies to the questions displayed below) Danni is a single 30 percent owner of Kolt (a business entity). In the current year, Kolt reported a $1,000,000 business loss Answer the following questions associated with each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) b. Kolt is organized as an LLC taxed as a partnership. Thirty percent of Kolt's loss is allocated to Danni. Danni works 20 hours a week on Kolt business activities (she is not considered to be a passive investor in Kolt), Danni has a $400,000 basis in her Kolt ownership interest and she also has a $400,000 at-risk amount in her investment in Kolt. Danni does not report income or loss from any other business activity investments. How much of the $300,000 loss allocated to her from Kolt is Danni allowed to deduct this year? Allowable deduction of loss Required information The following information applies to the questions displayed below. Danni is a single 30 percent owner of Kolt (a business entity). In the current year, Kolt reported a $1,000,000 business loss. Answer the following questions associated with each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) c. Kolt is organized as an LLC taxed as a partnership. Thirty percent of Kolt's loss is allocated to Danni. Danni is not involved in Kolt business activities. Consequently, she is considered to be a passive investor in Kolt. Danni has a $400,000 basis in her Kolt ownership interest and she also has a $400,000 at-risk amount in her investment in Kolt. Danni does not report income or loss from any other business activity investments. How much of the $300,000 loss allocated to her from Kolt is Danni allowed to deduct this year? Allowable deduction of loss Help Save & Ext Sub Check my wor Required information The following information applies to the questions displayed below.) Danni is a single 30 percent owner of Kolt a business entity). In the current year, Kolt reported a $1,000,000 business loss Answer the following questions associated with each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) 16:22 b. Kolt is organized as an LLC taxed as a partnership. Thirty percent of Kolt's loss is allocated to Danni. Danni works 20 hours a week on Kolt business activities (she is not considered to be a passive investor in Kolt). Danni has a $400,000 basis in her Kolt ownership interest and she also has a $400,000 at-risk amount in her investment in Kolt. Danni does not report income or loss from any other business activity investments. How much of the $300,000 loss allocated to her from Kolt is Danni allowed to deduct this year? Allowable deduction of loss Required information The following information applies to the questions displayed below] Part 3 of 3 Danni is a single 30 percent owner of Koit a business entity. In the current weat Kolt reported a $1000,000 business loss. Answer the following questions associated with each of the following alternative scenarios (Leave no answer blank. Enter zero if applicable.) 058 points 8 02:15:00 Skloped c. Koit is organized as an LLC taxed as a partnership. Thirty percent of Kolt's loss is allocated to Danni Danni is not involved in Kolt business activities. Consequently, she is considered to be a passive investor in Kolt. Danni has a $400,000 basis in her Kolt ownership interest and she also has a $400.000 at-risk amount in her investment in Kolt. Danni does not report income or loss from any other business activity investments. How much of the $300.000 loss allocated to her from Kolt is Danni allowed to deduct this year? Allowable deduction of loss
