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What amount of the loss is allowed under the at-risk rules

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Reference no: EM132911402

In 2018, Kirk invested $50,000 in a general partnership in which he materially participates (passive activity loss limits do not apply).

The business incurs a first-year loss in 2018, and Kirk's share of the business' deductible loss was $27,000.

Problem 1: What amount of the $27,000 loss is allowed under the at-risk rules in 2018?

Reference no: EM132911402

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