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Sabrina had the following losses on her Schedule K-1 (Form 1065): Box 1. Ordinary business loss of $22,000. Box 10. Net Section 1231 loss of
Sabrina had the following losses on her Schedule K-1 (Form 1065):\ Box 1. Ordinary business loss of $22,000.\ Box 10. Net Section 1231 loss of $5,000.\ Box 12. Section 179 deduction of $2,000.\ She had a beginning at-risk basis of $15,000. Her share of the partnership's qualified nonrecourse financing was $8,000. Her losses were not limited by the first loss limitation (basis). How much of her losses will she be able to deduct on this year's tax return?
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