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Abby Is a Limited Partner in a Limited Partnership

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Abby is a limited partner in a limited partnership.Her basis in the partnership interest is $80,000 with an at-risk basis of $75,000.Abby's share of the partnership loss for the tax year is $90,000.She has other income of $275,000.
Abby is a limited partner in a limited partnership.Her basis in the partnership interest is $80,000 with an at-risk basis of $75,000.Abby's share of the partnership loss for the tax year is $90,000.She has other income of $275,000.

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