Dana Bakker Invested $25,000 as a Limited Partner in a Partnership

question 4

Multiple Choice

Dana Bakker invested $25,000 as a limited partner in a partnership in 2020.Dana's partnership interest is 30%.The partnership reported a business loss of $100,000 in 2020.Dana is in a 45% tax bracket.What is the net cash cost of Dana's investment in 2020?

• A)$7,500
• B)$11,250
• C)$13,750
• D)$25,000

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Definitions:

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