Question: Problem 4 Howard has a $ 7 6 , 0 0 0 loss from an investment in a partnership in which he does not participate.

Problem 4
Howard has a $76,000 loss from an investment in a partnership in which he does not participate. His basis in the interest is $70,000.
a. How much of the loss is disallowed by the at-risk rules?
b. How much of the loss is disallowed by the passive loss rules?

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