undefined

Required information [The following information applies to the questions displayed below. Alfonso began the year with a tax basis in his partnership interest of $10,000. His share of partnership debt at the beginning and end of the year consists of $5,000 of recourse ceb: and $3.000 of nonrecourse debt. During the year, he was allocated $28,000 of partnersup ordinary business loss. Alfonso does not materially participate in this pa tnershi). and he has $4.000 of passive income from other sources a. How much of Alfonso's loss is limted by his tax basis? Loss limited by his tax bass