If a partners pass-through losses from a partnership meet the tests of Section 704(d) (basis limitations), will
Question:
If a partner’s pass-through losses from a partnership meet the tests of Section 704(d) (basis
limitations), will the provisions of Section 465 (at-risk limitations) apply to that same pass through loss?
a. No.
b. Yes.
c. Only under certain fairly restrictive circumstances.
d. Pass-through partnership losses are not subject to the Section 704(d) limitations.
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The answer to this question is b Yes To understand why lets break down the relation between Section ...View the full answer
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Related Book For 
Taxation Essentials Of LLCs And Partnerships
ISBN: 9781119722328
1st Edition
Authors: Larry Tunnell, Robert Ricketts
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