subject
Business, 15.04.2020 15:35 jayelijah0508

Larry recently invested $27,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is also $27,000. In addition, Larry’s share of the limited partnership loss for the year is $2,350, his share of income from a different limited partnership is $1,140, and he has $3,700 of dividend income from the stock he owns. How much of Larry’s $2,350 loss from the limited partnership can he deduct in the current year?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 08:30, rajenkins79
Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.
Answers: 1
image
Business, 22.06.2019 08:30, isaicruz2018
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
image
Business, 23.06.2019 00:00, laylaaaaah2054
3. which of the following occupations relate to a skill category of mathematics and data? select all that apply. (2 correct answers) engineer financial analyst mechanic sales person 4. which of the following occupations relate to a skill category of words and literacy? select all that apply. (2 correct answers) educator lawyer marketing manager psychologist architect
Answers: 1
image
Business, 23.06.2019 00:00, tre9990
What is a uniform law adopted by all states that facilitates business transactions?
Answers: 1
You know the right answer?
Larry recently invested $27,000 (tax basis) in purchasing a limited partnership interest. His at-ris...

Questions in other subjects:

Konu
Mathematics, 22.07.2020 08:01