In 2015, Nigel Contributes Cash of $10,000 in Exchange for a 20

Essay

In 2015, Nigel contributes cash of $10,000 in exchange for a 20% interest in the NDP Partnership. The partnership is not a passive activity. For 2015, the partnership had an ordinary loss of $80,000, interest income of $2,000, dividends of $5,000, and capital gains of $4,000. How much of the current year loss is deductible by Nigel and what is Nigel's at-risk amount on December 31, 2015?