Tobias is a 50% member in Solomon LLC, which does not invest in real estate. On January 1, Tobias's adjusted basis for his LLC interest is $239,000, and his at-risk amount is $191,200. His share of losses from Solomon for the current year is $310,700, all of which is passive. Tobias owns another investment that produced $167,300 of passive activity income during the year. Required:
How much of Solomon’s losses may Tobias deduct in 2015 on his Form 1040? How much of the loss is suspended, and what Code provisions cause the suspensions?

When a government sees that local industry is threatened by imports, it can threaten to erect import barriers to stop or reduce these imports. this is an example of a driver of international business activity?

Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered