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Judy owns a 20% interest in a partnership (not real estate) in which her at-risk amount was $35,000 at the beginning of the year. The partnership borrowed $50,000 on a recourse note and made a $40,000 profit during the year. Her at-risk amount at the end of the year is $43,000.
Specific Phobia
An intense, irrational fear of, or aversion to, specific objects or situations.
Panic Attack
A sudden onset of intense fear or discomfort, where an individual may experience physical symptoms such as rapid heartbeat and sweating.
Phobia
An extreme or irrational fear or aversion to something, significantly impacting an individual's daily life.
Compulsion
An irresistible urge to perform an irrational or a seemingly senseless act repeatedly, often linked to obsessive-compulsive disorder.
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