Social Studies, 07.11.2019 23:31, xojade

Rubio recently invested $26,500 (tax basis) in purchasing a limited partnership interest. his at-risk amount is $19,550. in addition, rubio’s share of the limited partnership loss for the year is $30,450, his share of income from a different limited partnership is $5,975, and he has $46,500 in wage income and $13,250 in long-term capital gains.

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Rubio recently invested $26,500 (tax basis) in purchasing a limited partnership interest. his at-ris...