Hunter has a $55,000 loss from an investment in a partnership in which he does...
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Accounting
Hunter has a $55,000 loss from an investment in a partnership in which he does not participate. His basis in the interest is $44,000. a. How much of the loss is disallowed by the at-risk rules?
b. Assume that Hunter has no other passive income from other sources. How much of the loss is disallowed by the passive loss rules?
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