Larry recently invested $25,500 (tax basis) in purchasing a limited partnership interest. His at-risk amount is...

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Larry recently invested $25,500 (tax basis) in purchasing a limited partnership interest. His at-risk amount is also $25,500.

business accounting

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Answer 1

Answer #1

Answer:

Deductive Loss: $1,165

Explanation:

The basis and at-risk hurdles do not come into effect since the basis and at-riskamounts are both $25,500. His passive income is $1,110 so the amount he candeduct for loss is only $1,165 (2,275-1,110).

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Answer 2

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