Question: In the current year, Don has a $ 5 5 , 0 0 0 loss from a business he owns. His at - risk amount

In the current year, Don has a $55,000 loss from a business he owns. His at-risk amount at the end of the year, prior to considering the current-year loss, is $36,000. He will be allowed to deduct the $55,000 loss this year if he is a material participant in the business.
True
False
In the current year, Don has a $ 5 5 , 0 0 0 loss

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