Partner loans, basis & at risk rules. - Spidell

Partner loans, basis & at risk rules.

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Message Board Partner loans, basis & at risk rules.

  • This topic has 2 replies, 2 voices, and was last updated 1 week, 4 days ago by Jim Mannie.
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    • #266121
      Jim Mannie
      Participant

      <div>When an LLC taxed as a partnership has a note to one of the partners does that increase the individuals basis in the LLC?  Second, does that note create or increase the individuals “at risk”?  In this case, the only partners are husband and wife.</div>

    • #266140
      William Dewberry
      Participant

      Yes to both

    • #266144
      Jim Mannie
      Participant

      Thanks…do you have any references to your answer(s)?

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