at_risk_limits - During the first year, the rental revenue...

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Topic: The at-risk rules During 2009 Jim invests $10,000 in a partnership and receives a 40% interest. The partnership then borrows $400,000 on a nonrecourse basis. The partnership buys and leases equipment. Jim materially participates in the business.
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Unformatted text preview: During the first year, the rental revenue is $70,000, depreciation is $40,000, interest expense is $35,000 and other expenses are $25,000. Required : How much of the loss can Jim deduct in 2009? How much is suspended under the at-risk limitations?...
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This note was uploaded on 03/03/2010 for the course ACG 6845 taught by Professor Kelliher during the Spring '09 term at University of Central Florida.

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