The partnership reports losses of 500000 in 2009 and 450000, Ask an Expert

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In 2009, Pearl invests $80,000 for a 10% partnership interest in an activity in which she is a material participant. The partnership reports losses of $500,000 in 2009 and $450,000 in 2010. Pearl's share of the partnership's losses is $50,000 in 2009 and $45,000 in 2010. How much of the losses can Pearl deduct?

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Accounting Basics, Accounting

Category:- Accounting Basics
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