At-risk amount $

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 12DQ
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Nuan invests $62,000 cash in Sideline Partnership and becomes a 30% general partner. Sideline buys and sells apartment buildings and commercial buildings. The partnership has $140,000 of recourse debt and $220,000 of qualified nonrecourse debt. What is Nuan's at-risk amount in Sideline Partnership?
At-risk amount
$
Transcribed Image Text:Nuan invests $62,000 cash in Sideline Partnership and becomes a 30% general partner. Sideline buys and sells apartment buildings and commercial buildings. The partnership has $140,000 of recourse debt and $220,000 of qualified nonrecourse debt. What is Nuan's at-risk amount in Sideline Partnership? At-risk amount $
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