Rebecca is a limited partner in the rst partnership, which is not publicly traded. her allocable share of rst’s passive ordinary losses from a nonrealty activity for the current year is ($60,000). rebecca has a $40,000 adjusted basis (outside basis) for her interest in rst (before deduction of any of the passive losses). her amount "at risk" is $30,000 (before deduction of any of the passive losses). she also has $25,000 of passive income from other sources. she has no business losses for the year from other sources. how much of her ($60,000) allocable rst loss can rebecca deduct on her current year’s tax return?

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Which of these is not a result of regular exercise

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