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What amount of MNs net operating loss may M recognize

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Question - At the beginning of the current year, Corporation M had a $50,000 basis in its 50% interest in the M&N Partnership. For the year, M&N incurred a $168,000 net operating loss and received $20,000 of dividend income. M's share of the partnership's debts decreased by $6,000 the year. The partnership made no distributions to its partners. Based on these facts, what amount of M&N's net operating loss may M recognize during the current year?

Reference no: EM132958377

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