ANSWER ALL QUESTIONS RELATED TO THE PROBLEM TO FULLY SOLVE!!

Alfonso began the year with a tax basis in his partnership interest of $29,000. His share of partnership debt at the beginning and end of the year consists of $10,000 of recourse debt and $6,000 of nonrecourse debt. During the year, he was allocated $43,000 of partnership ordinary business loss. Alfonso does not materially participate in this partnership and he has $1,000 of passive income from other sources. b. How much of Alfonso's loss is limited by his at-risk amount? Loss limited by his at-risk amount Alfonso began the year with a tax basis in his partnership interest of $29,000. His share of partnership debt at the beginning and end of the year consists of $10,000 of recourse debt and $6,000 of nonrecourse debt. During the year, he was allocated $43,000 of partnership ordinary business loss. Alfonso does not materially participate in this partnership and he has $1,000 of passive income from other sources. c. How much of Alfonso's loss is limited by the passive activity loss rules? Loss limited by passive activity loss rules