Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Exercise 47

Dolores is a limited partner in the Houston Hopes partnership. This year, she was forced under the terms of the agreement to make a $50,000 contribution to capital because the general partners were unable to meet the entity's operating expenses. Dolores's basis in the partnership prior to the contribution was $40,000, but her at-risk amount was zero because of her limited-partner status and her prior-year passthrough losses. What is her at-risk amount after the $50,000 cash call