Ken Has a $40,000 Loss from an Investment in a Partnership

question 14

Essay

Ken has a $40,000 loss from an investment in a partnership in which he does not materially participate. He paid
$30,000 for his interest. How much of the loss is disallowed by the at-risk rules? How much is disallowed by the passive activity loss rules?

Recognize professional organizations associated with paralegals and their concerns.

Identify the range of tasks and responsibilities of paralegals.

Understand the educational requirements and options for paralegal training.

Acknowledge the implications of technology on the paralegal profession.

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Definitions:

Ambiguity

The presence of uncertain, unclear, or vague aspects of a situation or information.

Goal Attainment

The achievement of objectives or targets set by an individual or organization, reflecting success or progress.

Goal Attainment

The process of setting, pursuing, and achieving objectives, often used as a measure of success or progress.

Intergroup Bias

The tendency to favor one's own group over other groups in judgment or treatment.