the following questions regarding the limitations that apply to the deductibility of a loss from a partnership. a. Regarding the limitations that apply to the deductibility of a loss from a partnership, label each of the following as being either "True" or "False". 123 b. Complete the statement below, placing the limitations in the correct order. The order of the limitations that apply to the deductibility of a loss from a partnership are: 2. A partner must have sufficient basis to deduct a loss. A partner must be sufficiently at-risk to deduct a loss. A passive loss is deductible if the partner has sufficient basis, is at-risk, and has sufficient passive income from other activities. Losses that cannot be deducted are suspended and carried back. The at-risk limitations limit the losses to the amounts the partner could actually lose if the partnership were to liquidate in bankruptcy. 3. If a loss passes the basis, at-risk, and passive activity loss limitations, a noncorporate ta