Activity immediately after making capital contributions

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Reference no: EM132024360

Van makes an investment in a partnership in 2017. Van's capital contributions to the partnership consisted of $30,000 cash and a building with an adjusted basis of $70,000, subject to a nonrecourse liability (seller financing) of $20,000.

a. Calculate the amount that Van has at-risk in the activity immediately after making the capital contributions. $

b. If Van's share of the loss from the partnership is $100,000 in 2017, and assuming that Van has sufficient amounts of passive income, how much of the loss may he deduct in 2017? $

c. What may be done with any nondeductible loss in Part b? The remaining loss may be for.

Reference no: EM132024360

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