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Business, 19.12.2019 20:31 taylorlanehart

Jack owns a 10% interest in a partnership (not real estate) in which his at-risk amount is $42,000 at the beginning of the year. during the year, the partnership borrows $80,000 on a nonrecourse note and incurs a loss of $60,000 from operations. jack's at-risk amount at the end of the year is $44,000. t/f

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Jack owns a 10% interest in a partnership (not real estate) in which his at-risk amount is $42,000 a...
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