Question
Tom wants to purchase a $30,000 interest in an equipment leasing venture. He intends to invest $10,000 of his own money and borrow the rest
Tom wants to purchase a $30,000 interest in an equipment leasing venture. He intends to invest $10,000 of his own money and borrow the rest in a non-recourse loan from a bank. Under the at-risk rules, Toms deduction for losses will be limited to:
| a. | $0 | |
| b. | $10,000 | |
| c. | $20,000 | |
| d. | $30,000 |
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Capital And Finance
Authors: Peter Lewin, Nicolás Cachanosky
1st Edition
0367514559, 978-0367514556
