Efficient deduction rules for interest and charitable contributions Submit a short essay of about 3 pages explaining on the Efficient deduction rules for interest and charitable contributions. This Essay has to explain your presentation and explain main findings of the paper referring to issue above. Presentation should be prepared for 15 minutes.
Calculate both owners “at risk” basis at year end for both years, showing all your work first assuming the entity is a partnership.
Project 2: Don and Joe went into business together as equal co-owners. Joe had a lot of money but no business sense and Don had the “know how”. Don and Joe each invested $10,000 and Joe loaned the business $90,000. Chase loaned the business another $100,000 after Joe and Don agreed to guarantee the loan. […]