Unformatted text preview: interest expense is $35,000 and other cash expenses are $25,000. Required : How much of the loss can Jim deduct in 2010? How much is suspended under the at-risk limitations? Can you determine which expense is being limited under the at-risk limits?...
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- Fall '08
- Expense, $10,000, $40,000, $25,000, $35,000, at-risk rules