Indicate whether the below increase or decrease a taxpayer's at-risk amount. Taxpayer's share of the activity's deductible
Question:
Indicate whether the below increase or decrease a taxpayer's at-risk amount.
Taxpayer's share of the activity's deductible loss.
Taxpayer's share of the activity's income.
Withdrawals from the activity
Taxpayer's share of amounts borrowed for use in the activity that are qualified non-recourse financing
Adjusted babsis of property contributed to the activity
___________________
Indicate whether the following are capital assets, sec. 1231 assets or neither.
Car used for personal use.
Car used in a business.
Car in inventory at an auto dealership.
IBM corporate bond..
Accounts Receivable
Real property used in a business
Personal property used in a business.
Land
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen