In What Order Are the Loss Limitations for Partnerships Applied

question 8

Multiple Choice

In what order are the loss limitations for partnerships applied?

• A) Tax Basis - At-Risk Amount - Passive Activity Loss.
• B) Passive Activity Loss - Tax Basis - At-Risk Amount.
• C) Tax Basis - Passive Activity Loss - At-Risk Amount.
• D) At-Risk Amount - Tax Basis - Passive Activity Loss.