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Provide one example of how at-risk rules are applied

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Reference no: EM13851866

Some tax laws limit the amount of losses an investor in a partnership can claim as a deduction. If the amount of a distributable loss exceeds the amount an investor owns in the business, the excess amount cannot be deducted. These are the at-risk rules, and they have been known to come as a surprise to numerous investors. Provide at least one example of how at-risk rules are applied. Identify when these rules were added to the Tax Code, as well as their primary purpose.

Are these at-risk rules fair, or do they discourage partnership investors? Explain your reasoning. •Provide at least one example of how at-risk rules are applied. Identify when these rules were added to the Tax Code, as well as their primary purpose.

Reference no: EM13851866

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