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How much of the partnerships loss is allocated to alexandra

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Question: Alexandra and Brody are equal partners in the calendar year AB Partnership. On November 1 of the current year, Cory joined the partnership by making a $120,000 cash contribution in exchange for a? one-third interest. Alexandra and Brody's partnership interests are each reduced to? one-third. The AB Partnership reports a $117,000 ordinary loss for the tax year ending on December 31.

Requirement: Assuming the partners agree to the proration method with a calendar day convention and that the current year is a non-leap year, how much of the partnership's loss is allocated to Alexandra, Brody, and Cory?

Reference no: EM132764736

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