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Sue invested 515.000 in the ABC Limited Partnership and receved a 20 percent interest in the partnership in 2020. The partnership subsequently incurred $20,000 of

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Sue invested 515.000 in the ABC Limited Partnership and receved a 20 percent interest in the partnership in 2020. The partnership subsequently incurred $20,000 of debt for which each partner is responsible for repaying their share if the partnership defaults (determined by their ownership percentage) In 2020, the partnership had income of $100.000 and made a distribution of $2.000 per partner. Sue has tuuable income of $80,000 PLEASE CLEARLY LABEL YOUR ANSWERS A & B a) Sue's at-risk basis in the partnership at the end of 2020 Assume ABC has a $1,500,000 loss in 2021 and Sue has other passive income of $26,000. b) Sue's share of the partnership lous is c) What amount of the partnership loss Sue recognize in 2021 (after applying all pase activy loss limitations) Sue invested 515.000 in the ABC Limited Partnership and receved a 20 percent interest in the partnership in 2020. The partnership subsequently incurred $20,000 of debt for which each partner is responsible for repaying their share if the partnership defaults (determined by their ownership percentage) In 2020, the partnership had income of $100.000 and made a distribution of $2.000 per partner. Sue has tuuable income of $80,000 PLEASE CLEARLY LABEL YOUR ANSWERS A & B a) Sue's at-risk basis in the partnership at the end of 2020 Assume ABC has a $1,500,000 loss in 2021 and Sue has other passive income of $26,000. b) Sue's share of the partnership lous is c) What amount of the partnership loss Sue recognize in 2021 (after applying all pase activy loss limitations)

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