Which of the following limitations will apply in determining a partner’s deduction for that partner’s share of partnership losses?
|
At-risk |
Passive loss |
|
|
a. |
Yes |
No |
|
b. |
No |
Yes |
|
c. |
Yes |
Yes |
|
d. |
No |
No |
Which of the following limitations will apply in determining a partner’s deduction for that partner’s share of partnership losses?
|
At-risk |
Passive loss |
|
|
a. |
Yes |
No |
|
b. |
No |
Yes |
|
c. |
Yes |
Yes |
|
d. |
No |
No |