Giancarlo Esposito is a limited partner in the non publicly traded Los Pollos Hermanos Partnership. His amount
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Question:
Giancarlo Esposito is a limited partner in the non publicly traded Los Pollos Hermanos Partnership. His amount at risk" in Los Pollos Hermanos Partnership is $before deduction of any of the passive losses and he also has $ of passive income from other sources. His allocable share of Los Pollos Hermanos Partnership's passive ordinary losses from a nonrealty activity for the current year is $ Giancarlo Esposito has a $ adjusted basis outside basis for his interest in Los Pollos Hermanos Partnership before deduction of any of the passive losses He has no business losses for the year from other sources. How much of his $ allocable Los Pollos Hermanos Partnership loss can Giancarlo Esposito deduct on his currentyear tax return?
Question options:
A $
B $
C $
D $
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