Dolores is a limited partner in the Houston Hopes partnership. This year, she was forced under the

Question:

Dolores is a limited partner in the Houston Hopes This year, she was forced under the terms of the agreement to make a $ 50,000 contribution to capital because the general partners were unable to meet the entity’s operating expenses. Dolores’s basis in the prior to the contribution was $ 40,000, but her at-risk amount was zero because of her limited-partner status and her prior-year pass-through losses. What is her at-risk amount after the $ 50,000 cash call? Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...