Bryan noticed that the schedule k-1 he just received from abc partnership included 20,000 ordinary business loss allocation. His tax basis in abc at the beginning of the most recent tax year was $10,000. Comparing the schedule k-1 he recently received from abc with the schedule k-1 he received from abc last year, bryan noted that his share of abc
partnership debt changed as follows,: recourse debt increased from 0 to 2,000, qualified nonrecourse debt increased from 0 to 3000, and nonrecourse debt increased from 0 to 3000. Finally the schedule k-1 bryan recently received from abc reflected 1000 cash contribution he made to abc during the year.
Bryan is not a material participant in abc, and he reeived 10000 of passive income from another investment during the same year.
How much of the 20000 loss from abc can bryan deduct currently?
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