share of Partnership A's loss is $40,000. If he has passive income from other sources of $35,000, how much of Partnership A's loss can Robert deduct in 2019?
share of Partnership A's loss is $40,000. If he has passive income from other sources of $35,000, how much of Partnership A's loss can Robert deduct in 2019?
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 12DQ
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![Robert contributes $50,000 to acquire a partnership interest in Partnership A. His at-risk basis in Partnership A
at the beginning of 2019 is $33,000. Robert is not a material-participant in the Partnership. For 2019, Robert's
share of Partnership A's loss is $40,000. If he has passive income from other sources of $35,000, how much of
Partnership A's loss can Robert deduct in 2019?
50,000
40,000
35,000
33,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcab0acb6-8c09-4cf3-b071-c9af40faf1d1%2Fb4247a95-ec49-4d89-ad91-5e9dfc5649f5%2Fq5yr65b_processed.png&w=3840&q=75)
Transcribed Image Text:Robert contributes $50,000 to acquire a partnership interest in Partnership A. His at-risk basis in Partnership A
at the beginning of 2019 is $33,000. Robert is not a material-participant in the Partnership. For 2019, Robert's
share of Partnership A's loss is $40,000. If he has passive income from other sources of $35,000, how much of
Partnership A's loss can Robert deduct in 2019?
50,000
40,000
35,000
33,000
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