Question
Sues tax basis in her 10% interest in the ABC limited partnership (LP) is $5,000, but her at-risk amount is only $3,000. Assume Sue has
Sues tax basis in her 10% interest in the ABC limited partnership (LP) is $5,000, but her at-risk amount is only $3,000. Assume Sue has $20,000 in passive income from another LP. If Sues share of the ABC LPs loss is $70,000, how much of her loss is disallowed this year, and why?
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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
012812282X, 978-0128122822
