A taxpayer is not viewed at risk with admire to quantities borrowed in reference to sure actions if funds are borrowed from a person who has an attention in the undertaking apart from a creditor interest. A taxpayer also is not considered in danger with recognize to amounts blanketed towards loss through nonrecourse financing, guarantees, stop loss agreements, or other similar preparations. A particular rule applies with respect to bound nonrecourse loans which are incurred in connection with the endeavor of conserving real assets. A taxpayer is viewed to be at risk for its share of “certified nonrecourse financing” which is secured by real assets utilized in the endeavor. This portfolio provides a radical dialogue of this crucial exception.