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Joe Owned an Apartment Building and Entered into a Contract

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Joe owned an apartment building and entered into a contract with Sam whereby Sam would operate that apartment building,but the proceeds from the rent and profits would be distributed among Joe's children.If Joe were to die and Sam were to refuse to pay out any profits to the children,what could they do?

Compute adjustments for itemized deductions under AMT.
Analyze the effect of at-risk rules and passive loss rules on the deductibility of investment losses.
Identify factors affecting the increase or decrease of at-risk amounts.
Calculate the deductibility of passive activity losses and identify suspended losses.

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