In an LP, how do you deduct business losses?

What will be an ideal response?

Ans: partners may use losses to deduct other income on individual tax returns if "at risk" for loss or debt, but limited partners may only deduct "nonrecourse debts" (for which general partners are not specifically liable)

Business

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A guaranteed issue insurance policy has no

A) initial premium requirement B) incontestable period C) waiting period D) medical underwriting

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The most popular channel used to share information online is

A. YouTube B. Facebook C. Twitter D. Instant message E. Email

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