Business, 29.10.2019 00:31 dondre54

Larry recently invested $20,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. his at-risk amount is also $20,000. in addition, larry�s share of the limited partnership loss for the year is $2,000, his share of income from a different limited partnership was $1,000, and he had $3,000 of dividend income from the stock he owns. how much of larry's $2,000 loss from the limited partnership can he deduct in the current year?

deductible loss?

jackson and ashley turner (both 45 years old) are married and want to contribute to a roth ira for ashley. in 2014, their agi is $170,000. jackson and ashley each earned half of the income. (leave no cells blank - be certain to enter "0" wherever required.)

a. how much can ashley contribute to her roth ira if they file a joint return?

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Larry recently invested $20,000 (tax basis) in purchasing a limited partnership interest in which he...

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