Candi purchased a 10% limited partnership interest in rental property for $30,000. The partnership has a $1,300,000 mortgage that is secured by the...

Candi purchased a 10% limited partnership interest in rental property for $30,000. The partnership has a $1,300,000 mortgage that is secured by the building. During the current year, the partnership reports a total loss of $200,000 from the rental building. What is Candi's deductible loss and the amount of her loss carryover if her only other income/loss items are $50,000 in salary, an $8,000 capital loss on some stock, and $5,000 of bond interst income?

Candi purchased a 10% limited partnership interest in rental property for $30,000. Thepartnership has a $1,300,000 mortgage that is secured by the building. During the current year,the...