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6 Billy Mae and Kevin each own a 50 percent general partner interest in the BK Partnership. The below information is shows the partnership's activities

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6 Billy Mae and Kevin each own a 50 percent general partner interest in the BK Partnership. The below information is shows the partnership's activities for 2018: 1.41/1.5 points awarded Sales revenue Selling expenses Depreciation expense Long-term capital gain Nondeductible expenses Partnership debts, beginning of the year Partnership debts, end of the year Partnership distributions Billy Mae Kevin $965,000 386,000 36,500 18,600 2,400 102,000 125,600 Scorec 51,000 51,000 a-1. Calculate the partnership's ordinary (nonseparately stated) income. a-2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No". b. Calculate Billy Mae's allocable share of partnership items. c. If Billy Mae has no other sources of taxable income, what is her total gross income for 2018? d. At the beginning of the year, Billy Mae's adjusted tax basis in her partnership interest was $48,750. Calculate her ending adjusted tax basis in her partnership interest. Req A1 Req A2 Red B Reg C and D c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2018? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership Interest was $48,750. Calculate her ending adjusted tax basis in her partnership Interest. C. Total gross income Adjusted tax basis $ 280,550 $ 536,550 d.

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