Hunter has a $43,000 loss from an investment in a partnership in which he does not participate His basis in the interest is $36,000  a. How much of the loss is disallowed by the at-risk rules? b. Assume that Hunter has no other passive income from other sources. How much of the loss is disallowed by the passive loss rules?

Answer rating: 100% (QA)

Solution Passive Activity Loss In case of loss from passive activity such loss is allowed as ded... View the full answer