Abby is a limited partner in a limited partnership.Her basis in the partnership interest is $80,000 with an at-risk basis of $75,000.Abby's share of the partnership loss for the tax year is $90,000.She has other income of $275,000.
Definitions:
Amplitude
In physics, amplitude refers to the maximum extent of a vibration or oscillation, measured from the position of equilibrium.
Accommodation
(1) In developmental psychology, adapting our current understandings (schemas) to incorporate new information. (2) In sensation and perception, the process by which the eye’s lens changes shape to focus near or far objects on the retina.
Adjustable Opening
A feature or mechanism that allows the size of an opening to be modified or adjusted as needed.
Accommodation of the Lens
The process by which the eye's lens changes shape to focus near or far objects on the retina.
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