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Wolverine acquired a passive partnership activity in January of 2015. His at-risk basis at the beginning of 2020 was $55,000. Wolverine also owns a rental
Wolverine acquired a passive partnership activity in January of 2015. His at-risk basis at the beginning of 2020 was $55,000. Wolverine also owns a rental property that generated income of $26,000 in 2020 and $15,000 in 2021. Wolverine's share of income and loss from the partnership activity is: Complete the following tables. Wolverine acquired a passive partnership activity in January of 2015 . His at-risk basis at the beginning of 2020 was $55,000. Wolverine also owns a rental property that generated income of $26,000 in 2020 and $15,000 in 2021. Wolverine's share of income and loss from the partnership activity is: Complete the following tables
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