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TAXATION OF INDIVIDUALS Ted became a passive investor in ABC partnership in 2016 and invested $25,000...

TAXATION OF INDIVIDUALS

Ted became a passive investor in ABC partnership in 2016 and invested $25,000 for a one-third interest. Ted also assumed his share of the partnership liabilities—his share of liabilities in 2016 was $15,000. During 2016, Ted withdrew $10,000 and Ted’s share of the partnership net income was $8,000. In 2017, the partnership incurred an ordinary operating loss of $25,000.

How much is Ted at-risk in the following partnership for year 2016 and year 2017?

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