Wilford Brimhouse is a limited partner in a real estate partnership which owns an office building. The income/loss summary for the partnership looks as follows:
2008: ($100,000)
2009: $25,000
Wilford is a broker and had personal income of $121,000 in 2008 and $97,000 in 2009. What losses can Wilford deduct?

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The Answer of Wilford Brimhouse is a limited partner in a real estate partnership which owns an office building. The income/loss summary for the partnership looks as follows:
2008: ($100,000)
2009: $25,000
Wilford is a broker and had personal income of $121,000 in 2008 and $97,000 in 2009. What losses can Wilford deduct?

Wilford Brimhouse Is a Limited Partner in a Real Estate