Question: Which does NOT describe the At Risk amount as discussed in the lecture? Please help confirm which answer is correct..1, 2, 3 or 4. (1)

Which does NOT describe the At Risk amount as discussed in the lecture?

Please help confirm which answer is correct..1, 2, 3 or 4.

(1) Taxpayer's pledged assets only

(2) Taxpayers net economic investment in the business

(3) Limit to which taxpayer may use losses generated by the activity

(4) Sum of all assets contributed to the business less all assets withdrawn from the business.

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