Solution-How much of the loss can margaret deduct

How much of the loss can margaret deduct

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Question - The Kool Partnership recently reported a $100,000 passive loss to Margaret, a partner, on her Schedule K-1 for the year. (The loss was not real estate related.) Before the K-1, Margaret had a $60,000 capital basis in Kool and her amount "at risk" under § 465 was $45,000. She also has $50,000 of passive income from other sources. How much of the loss can Margaret deduct?

a. $30,000

b. $45,000.

c. $50,000.

d. $60,000.

e. $100,000

Reference no: EM132603554

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How much of the loss can margaret deduct

Reference no: EM132603554

Reference no: EM132603554

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