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dem82 [27]
4 years ago
7

Tobias is a 50% member in Solomon LLC, which does not invest in real estate. On January 1, Tobias's adjusted basis for his LLC i

nterest is $130,000, and his at-risk amount is $105,000. His share of losses from Solomon for the current year is $150,000, all of which is passive. Tobias owns another investment that produced $90,000 of passive activity income during the year. (Assume that Tobias is a single taxpayer, there were no distributions or changes in liabilities during the year, and that the Solomon loss is Tobias's only loss for the year from any activity.) How much of Solomon's losses may Tobias deduct on his Form 1040
Business
1 answer:
lyudmila [28]4 years ago
8 0

Answer:

Tobias may deduct $90,000 of his Solomon loss because he has passive activity income.$20,000 of his basis is suspended under Section 704(d).$25,000 of his loss is suspended under Section 465.

Explanation:

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Jeff and Robert form KS VENTURES Corporation. Jeff transfers property (basis of $105,000 and fair market value of $90,000) while
Komok [63]

Answer:

The answer is: B) Neither Jeff nor Robert has any recognized gain or loss.

Explanation:

Both Jeff and Robert are contributing different assets to form KS Ventures Corporation. Jeff will transfer property at its fair market value ($90,000) and Robert will also transfer property at fair market value ($70,000) plus $20,000 in cash to equal Jeff's contribution. They haven't gained or lost anything, each still has 50% of stock ($90,000) of KS Ventures Corporation.

4 0
4 years ago
PLS HELPPP FASTTT!!!! Which of the following is not consistent with the efficient market hypothesis?
Morgarella [4.7K]

Answer:

c. News has no effect on stock prices.

Explanation:

A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country. For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis which states that, asset (share) prices reflect all information and it is very much impossible to consistently beat the market. Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

According to the efficient market hypothesis, News has an effect on

the prices at which a stock is sold because it affects demand and supply.

6 0
3 years ago
Rene contracts with Scot to pay him $5,000 for repairs to Rene’s lake cabin. After Scot performs, Rene tells him that she cannot
Nata [24]

Answer:

b an accord and satisfaction.

Explanation:

b an accord and satisfaction is a correct answer because an accord and satisfaction in a new agreement that suspends the terms of an existing agreement in favour of a new one.  Thus the answer is b) an accord and satisfaction

4 0
3 years ago
Read 2 more answers
According to the law of supply, what happens to the quantity that the suppliers create when the prices increase?
nata0808 [166]

Answer:

the quantity increases

the supply law states that when price increases the quantity increases aswell and vice versa!

6 0
4 years ago
When a competitive market comes under the control of a monopoly, the quantity and price change from:
Katena32 [7]

Answer:

  • Quantity from E to D.
  • Price from B to A

Explanation:

Firms maximise their profit by supplying at the point where marginal revenue equals marginal cost.

In a Perfect competition, the Demand curve is also the Average revenue as well as the Marginal Revenue curve. As such, the company will sell where the marginal cost curve intersects with the Demand curve which was at point E. The price will therefore be at point B.

When the firm comes under a monopoly, it will start to supply as a monopoly does. In the Monopoly, the Marginal revenue curve is less than the demand curve and so the point where the MC curve intersects with the MR curve is the quantity they will supply at. That point is D. The price will be where this quantity intersects the demand curve which is at point A

5 0
4 years ago
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