Where does paul stand with regard to passive loss

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Question - Paul has come to you seeking guidance. In 2000 he invested $10,000 as a slient partner (never a material participant) in b business venture. His share of the income wass ($4,000), in 2001 it was ($9,000), and in 2002 it was $1,000. Paul invested $5,000 in 2003. His share of income in 2003 was ($3,000), but in 2004 it was $5,000, and in 2005 it was $2,000.

Required: Where does Paul stand with regard to passive loss, and at risk loss, or any passive supspended loss or at risk suspended loss. Explain the year by year treatment.

Reference no: EM132067733

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