Question

Juggernaut acquired a passive partnership activity in January of 2015. His at-risk basis at the beginning of 2018 was $65,000. Juggernaut also owns a rental property that generated income of $23,000 in 2018 and $19,000 in 2019. Juggernaut’s share of income and loss from the partnership activity is: 2018 <$79,000> 2019 32,000 Complete the following tables. AT RISK RULES ONLY

FOR 2018

Deductible under at-risk provisions                             ____________________

Adjusted basis at 12/31/18                                          ____________________

Suspended under at-risk provisions                             ___________________

FOR 2019

Deductible under at-risk provisions                             ____________________

Adjusted basis at 12/31/19                                          ____________________

Suspended under at-risk provisions                             ____________________

PASSIVE RULES ONLY

FOR 2018

Deductible under passive loss provisions                     ____________________

Suspended under passive loss provisions                     ____________________

FOR 2019

Deductible under passive loss provisions                     ____________________

Suspended under passive loss provisions                     ____________________

iMMEDIATE ASSISTANCE PLEASE

Answer 1