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Author Question: Joy is a material participant in a partnership. Her basis in her partnership interest is $250,000. ... (Read 55 times)

student77

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on: Sep 13, 2020
Joy is a material participant in a partnership. Her basis in her partnership interest is $250,000. Due to a major expansion, the partnership will generate a significant loss this year, and Joy's share is expected to be $300,000. The partners expect the partnership to report a large profit next year. Joy is in the top tax bracket this year, and she expects to be in a lower tax bracket next year. Due to her higher marginal tax rate this year, Joy would like to deduct her full share of the partnership loss this year. What strategies can she employ before year-end to assure full deduction of this year's loss?
◦ As a material participant, Joy will be entitled to deduct her full share of the partnership loss this year.
◦ Joy can make a loan to the partnership before year-end.
◦ Joy can contribute capital to the partnership before year-end.
◦ Either Joy can make a loan to the partnership before year-end or Joy can contribute capital to the partnership before year-end will allow Joy to deduct her full share of the loss.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by student77 on Sep 13, 2020

lcapri7

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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student77

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

aruss1303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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