In What Order Are the Loss Limitations for Partnerships Applied

question 66

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) At-Risk Amount - Passive Activity Loss - Tax Basis
• D) At-Risk Amount - Tax Basis - Passive Activity Loss

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