Van makes an investment in a partnership in 2017. Van's capital contributions to the partnership consisted of $30,000 cash and a building with an adjusted basis of $70,000, subject to a nonrecourse liability (seller financing) of $20,000.
a. Calculate the amount that Van has at-risk in the activity immediately after making the capital contributions. $
b. If Van's share of the loss from the partnership is $100,000 in 2017, and assuming that Van has sufficient amounts of passive income, how much of the loss may he deduct in 2017? $
c. What may be done with any nondeductible loss in Part b? The remaining loss may be for.