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grin007 [14]
3 years ago
5

Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addi

tion, Rubio’s share of the limited partnership loss for the year is $22,000, his share of income from a different limited partnership was $5,000, and he had $40,000 in wage income and $10,000 in long-term capital gains.
. How much of Rubio’s $22,000 loss is allowed considering only the tax basis loss limitations?


How much of the loss from part (a) is allowed under the at-risk limitations?


ow much of Rubio’s $22,000 loss from the limited partnership can he deduct in the current year considering all limitations?
Business
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

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Advertising can play a major role in ____________and promoting cultural norms, which has drawn criticism from advocacy groups ar
trapecia [35]

Answer:

C) propagating certain cultural stereotypes

Explanation:

This is true not only for advertising but also for many mass media products. The problem is that sometimes reality is very different than the stereotypes that are portrayed.

One of the most controversial issues is the models' weight. Models tend to be usually much thinner than regular people, and that leads to a misconception that being extremely thin is good and healthy. Besides personal beauty preferences, a girl who is 5 foot 10 and weighs only 100 pounds is not healthy.

Similar issues like portraying certain family or lifestyle stereotypes may also have positive or negative effects on the audience since advertisement reaches millions of people.

3 0
3 years ago
What is an example of a community that you belong to?
inn [45]
I belong to a community of young moms and we stick together to prove that just because we are mothers doesn’t mean we are unable
6 0
2 years ago
Larry is declared mentally incompetent. Beth, Larry’s friend, insists that Larry transfer her considerable assets to Beth "for s
DaniilM [7]

Answer:

Donative intent.

Explanation:

Donative intent refers to the conscious desire to make a gift. This is different from giving something for nothing by mistake or under pressure.

3 0
3 years ago
Large purchased all of Small's voting stock for $11 million when Small's total owners' equity was $4 million. The book value and
hoa [83]

Answer:

The amount of goodwill that is recorded by Large is $5 million

Explanation:

Goodwill is the excess of price consideration paid to acquire controlling stake in a company over the fair value of the company's net assets.

Net assets in the sense implies the fair value of total assets less fair value of liabilities.

Fair value of total assets is $9 million

Fair value of liabilities    is $3 million

As a result net assets upon acquisition  is $6 million($9 million less $3 million)

Since the consideration paid in acquiring Small's voting stake is $11 million, goodwill is $5 million($11 million less $6 million).

The $ 5 million is the excess of purchase consideration over the fair value of Small's net assets as at the date of acquisition

8 0
3 years ago
Chloe makes $500 per week and spends all her income on books and tea. Books cost $25 each, and Chloe buys 16 each week. Tea cost
Marat540 [252]

Answer:

hi i reallly tried but dont want to give an answer that is wrong

plz forgive me

god bless u

Explanation:

8 0
2 years ago
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