Bailey Owns a 20% Interest in a Partnership Not Involved

question 17

Multiple Choice

Bailey owns a 20% interest in a partnership not involved in real estate) in which his at-risk amount was $25,000 at the beginning of the year.During the year,Bailey receives a distribution of $20,000 from the partnership.The partnership produces an $80,000 loss during the year.If you ignore the passive loss rules,Bailey's deductible loss for the year is:

• A)$25,000.
• B)$80,000.
• C)$5,000.
• D)$20,000.

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