.  Calculate the amount that Van has at-risk in the partnership immediately after making the capital contributions.

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter21: Partnerships
Section: Chapter Questions
Problem 2BCRQ
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Van makes an investment in a partnership in 2019. Van's capital contributions to the partnership consist of $30,000 cash and a building with an adjusted basis of $70,000, subject to a nonrecourse liability (seller financing) of $20,000.

a.  Calculate the amount that Van has at-risk in the partnership immediately after making the capital contributions.

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