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Posted by 0b3hks001 on March 23, 2008, 9:50 am
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I bought a MLP in 8/2007. In determining my "Amount At Risk", the
Interview in TurboTax ' interview (Simplified Method) asks for my
Adjusted basis for 1/1/2007 and the increase/decrease in 2006. After
that, it concludes that my Amt At Risk is $0. Is that Correct -- that
my Amount At Risk is determined ao of 1/1/2007 for year 2007?
The MLP has a net loss, so the loss is suspended anyway and have no
deduction for 2007. But nonetheless, just curious.
TIA
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