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Business, 01.04.2021 15:40 babygreg2001p97abr

Darlene is a 50% owner in a partnership in which she has a tax basis and at-risk basis of $10,000. Darlene materially participates in the operations of the partnership which incurred a loss of $35,000 in the current year. Based on these facts, . Multiple choice question. $17,500 of the loss will flow-through to Darlene, and she will be able to deduct $17,500. $17,500 of the loss will flow-through to Darlene, and she will be able to deduct $10,000. $10,000 of the loss will flow-through to Darlene, and she will be able to deduct $10,000. $35,000 of the loss will flow-through to Darlene, and she will be able to deduct $17,500.

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Darlene is a 50% owner in a partnership in which she has a tax basis and at-risk basis of $10,000. D...
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