Question: 5 . In 2 0 2 3 , Peppermint Patty invests $ 8 2 , 5 0 0 in a limited partnership that is not

5. In 2023, Peppermint Patty invests $82,500 in a limited partnership that is not a passive activity (only the at-risk rules apply).
During 2023, her share of the partnership loss is $36,570. In 2024, her share of the partnership loss is $51,850.
a. How much can Peppermint Patty deduct on her 2023 tax return?
b. What is the amount of Peppermint Pattys at-risk basis at the end of 2023?
c. What is the amount of Peppermint Pattys suspended losses at the end of 2023?
d. How much can Peppermint Patty deduct on 2024 tax return?
e. What is the amount of Peppermint Pattys at-risk basis at the end of 2024?
f. What is the amount of Peppermint Pattys suspended losses at the end of 2024?

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