In 2020, Ashley invests $26,000 for an interest in a partnership engaged in distributing educational computer software.

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In 2020, Ashley invests $26,000 for an interest in a partnership engaged in distributing educational computer software. Ashley is a material participant, and her share of the 2020 partnership loss is $37,000. Discuss the tax treatment of her share of the loss and compute her at-risk basis.

Posted Date: Sep 20, 2021 04:00 PM

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In 2020, Ashley invests $26,000 for an interest in a partnership engaged in distributing educational computer software.

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26000 Invested Loss 37000 Suspended 11000 She may car... View the full answer

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