Anumber of years ago, lee acquired a 20% interest in the bluesky partnership for $60,000. the partnership was profitable through 2018, and lee's amount at risk in the partnership interest was $120,000 at the beginning of 2019. bluesky incurred a loss of $400,000 in 2019 and reported income of $200,000 in 2020. assuming that lee is not a material participant, how much of his loss from bluesky partnership is deductible in 2019 and 2020? consider the at-risk and passive activity loss rules, and assume that lee owns no other passive investments.

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Explanation:

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the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.