In 2017, kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity. his investment consisted of $50,000 in cash and a $15,000 non-recourse promissory note. the partnership reported losses of $200,000 in 2017 and $100,000 in 2018, kipp's share being $60,000 in 2017 and $30,000 in 2018. a) how much of the losses from the partnership can kipp deduct assuming he owns no other investments and does not actively participate in the partnership's operations? b) how much loss remains suspended on december 31, 2018 due to lack of basis? c) how much loss remains suspended on december 31, 2018 due to lack of at-risk? d) how much loss remains suspended on december 31, 2018 due to the passive activity limitations?

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer(d) all of the choices are correct;