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Yes, you are 'at risk'. If you could lose your money and/or property that you put into your business or rental, you are considered 'at risk'.
You are 'at risk' in any activity for:
1. The money you contribute to the activity, and
2. Amounts you borrow for use in the activity if:
Amounts not at risk include nonrecourse financing, or guarantees or agreements that limit the losses of the taxpayer.
Yes, you are 'at risk'. If you could lose your money and/or property that you put into your business or rental, you are considered 'at risk'.
You are 'at risk' in any activity for:
1. The money you contribute to the activity, and
2. Amounts you borrow for use in the activity if:
Amounts not at risk include nonrecourse financing, or guarantees or agreements that limit the losses of the taxpayer.
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