Which of the following increases the taxpayer's at-risk amount?
A)A taxpayer's share of recourse liabilities.
B)Both a taxpayer's share of recourse liabilities and a taxpayer's share of qualified nonrecourse liabilities.
C)A taxpayer's share of qualified nonrecourse liabilities.
D)A taxpayer's share of nonrecourse liabilities.

Question

Quizplus · Accepted Answer

A taxpayer's share of both recourse and qualified nonrecourse liabilities increases their at-risk amount. Nonrecourse liabilities, however, do not increase the at-risk amount because the taxpayer is not personally liable for repayment.

Which of the Following Increases the Taxpayer's At-Risk Amount