In Wilmah Lansing invested in the
Eagle Limited Partnership by paying $
cash and signing a $ nonrecourse note.
She also pledged $ worth of securities
for a loan obtained by the partnership. Her
basis in the securities was $ What
amount does Wilmah have at risk in Eagle as
of January if the partnership broke
even no income or loss
Refer to the facts in Problem and assume
that Eagle allocated to Wilmah net income
of $ from operations in What
amount does Wilmah have at risk as of January
Would your answer be different if she
also withdrew $ Explain.
Refer to the facts in Problem and assume
instead that Eagle allocated to her a loss
of $ in What amount does
Wilmah have at risk as of January
