subject
Business, 05.05.2020 04:22 anthony4034

John, a limited partner of Candy Apple, LP, is allocated $36,500 of ordinary business loss from the partnership. Before the loss allocation, his tax basis is $26,500 and his at-risk amount is $16,500. John also has ordinary business income of $26,500 from Sweet Pea, LP, as a general partner and ordinary business income of $9,100 from Red Tomato as a limited partner. How much of the $36,500 loss from Candy Apple can John deduct currently

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:50
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.
Answers: 3
question
Business, 22.06.2019 21:30
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
question
Business, 23.06.2019 02:00
When watching the video example 87: function notation, the presenter states that we need to, "go to this function and in the place of x, we will put in " â4 â3 â2 â1?
Answers: 3
question
Business, 23.06.2019 02:20
When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable
Answers: 2
You know the right answer?
John, a limited partner of Candy Apple, LP, is allocated $36,500 of ordinary business loss from the...
Questions
question
Mathematics, 27.03.2020 00:01
question
Mathematics, 27.03.2020 00:01
question
Mathematics, 27.03.2020 00:01
question
Mathematics, 27.03.2020 00:01
Questions on the website: 13722361