subject
Business, 18.12.2019 18:31 darius5349

Grobert sells his 30% interest in kashmir partnership on july 1 to jimmy for $80,000. robert's outside basis in kashmir was $50,000 at the start of the year. kashmir recognizes an ordinary loss of $30,000 for the entire calendar year. the partnership agreements calls for kashmir to allocate income or loss using the proration method. how much loss is allocated to robert and what is his basis at the time of sale?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:30
As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a.apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b.apologize then ask for the server’s name and immediately notify the manager after they leave. c.apologize for the bad experience and ask them to wait as you call the manager to talk to them. d.apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.
Answers: 2
question
Business, 22.06.2019 11:40
On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.
Answers: 1
question
Business, 22.06.2019 18:00
Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?
Answers: 1
question
Business, 22.06.2019 20:00
If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:
Answers: 1
You know the right answer?
Grobert sells his 30% interest in kashmir partnership on july 1 to jimmy for $80,000. robert's outsi...
Questions
question
Mathematics, 25.06.2021 17:00
Questions on the website: 13722367