The Main Difference Between a Partner's Tax Basis and At-Risk

question 26

True/False

The main difference between a partner's tax basis and at-risk amount is that qualified nonrecourse financing is not included in the at-risk basis amount.
Qualified nonrecourse financing is considered "at-risk".

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Definitions:

Behaviourist Theories

Psychological theories asserting that behavior can be explained in terms of conditioning, without appeal to thoughts or feelings, and that psychological disorders are best treated by altering behavior patterns.

Nativist Theories

Theories that argue for the inherent knowledge or abilities present in the brain at birth.

Language Acquisition

The process by which humans gain the ability to perceive, comprehend, and produce language, typically occurring in childhood through exposure and interaction.

Ape-Language Controversy

Refers to the debate over whether apes can use language in a meaningful and linguistic way or if their "language" use is merely a response to conditioning.