Cindy Is a 5% Limited Partner in C&C,Ltd

question 5

Essay

Cindy is a 5% limited partner in C&C,Ltd.Her basis in the interest is $30,000 before loss allocations,including her $10,000 share of the partnership's nonrecourse debt.(This debt is not qualified nonrecourse financing. )Cindy is also a 10% limited partner in RSTU,in which her basis is $20,000.Cindy is allocated a $40,000 loss from C&C,and $10,000 of income from RSTU.How much of the loss from C&C may Cindy deduct? Under what Code provisions are the remaining losses suspended?

---

Definitions:

Prenatal Care

Medical and healthcare provided to a pregnant woman to ensure the health of both mother and fetus during pregnancy.

Noninvasive Fetal Testing

Medical tests conducted on pregnant women to gather information about the fetus's health and development without physically entering the uterus.

Group Prenatal Visits

Prenatal care appointments that involve multiple expectant mothers, allowing for shared learning and support.

Tanner Phase

A scale of physical development in children, adolescents, and adults which defines physical measurements of development based on external primary and secondary sex characteristics.