What type of debt is not included in calculating a partner's at-risk amount?
A) Nonrecourse debt.
B) Recourse debt.
C) Qualified nonrecourse debt.
D) All of these types of debt are included in the at-risk amount.

Question

Quizplus · Accepted Answer

Nonrecourse debt is not included in the at-risk amount because the creditor's only recourse is to the collateral securing the debt, and the partner is not personally liable for the debt.

What Type of Debt Is Not Included in Calculating a Partner's