How much is john-bob at risk for partnership

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Question -

John-Bob was at risk for $25,000 in Partnership X and $20,000 in Partnership Z on January 1, 2010. Both partnerships are passive activities to John-Bob (these are John-Bob's only passive activities). John-Bob's share of net income from Partnership X during 2010 was $20,000. John-Bob's share of losses from Partnership Z during 2010 was $60,000. How much is John-Bob at risk for Partnership Z on January 1, 2011?

a. $60,000

b. $40,000

c. $20,000

d. $0

Refer to the facts in the previous question. What is John-Bob's carryover under the at-risk rules for Partnership Z in 2010?

a. $60,000

b. $40,000

c. $20,000

d. $0

Refer to the facts in the previous question. What is John-Bob's suspended loss under the passive loss rules for Partnership Z in 2010?

a. $60,000

b. $40,000

c. $20,000

d. $0

Reference no: EM131783387

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