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6. At the beginning of the year, Jill?s basis in h...

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6. At the beginning of the year, Jill?s basis in her 40% limited partnership interest was $10,000. During the year, the partnership reported a loss of $90,000 and the partnership obtained a $40,000 recourse loan on some machinery. How much loss may Jill deduct if she has $40,000 of passive income? (Points : 5) 1. $10,000 2. $16,000 3. $26,000 4. $36,000 5. None of the above,when i click on this one it will not open,it still won;t open it can you just give me the answer. because i still never got an answer with the last email you gave.

 

Paper#4824 | Written in 18-Jul-2015

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