A and B are equal partners in AB, Ltd A and B have 704(b) book capital balances as shown below The only activity in AB, Ltd is depreciation in the amount of $1,000 each year AB, Ltd specially allocates this depreciation to A each year AB, Ltd has a qualified income offset provision to A in the amount of $1,500 Based on this information complete the table below for each of the years Do not calculate years beyond the table A B Beginning Capital $1,500 $1,500 Year 1 Current Year Activity Ending Capital Year 2 Current Year Activity Ending Capital Year 3 Current Year Activity Ending Capital Year 4 Current Year Activity Ending Capital A and B are equal partners in AB, Ltd A and B have 704(b) book capital balances as shown below The only activity in AB, Ltd is depreciation in the amount of $1,000 each year AB, Ltd specially allocates this depreciation to A each year AB, Ltd has a qualified income offset provision to A in the amount of $1,500 Based on this information complete the table below for each of the years Do not calculate years beyond the table A B Beginning Capital $1 500 $1 500 Year 1 Current Year Activity Ending Capital Year 2 Current Year Activity Ending Capital Year 3 Current Year Activity Ending Capital Year 4 Current Year Activity Ending Capital

Question

A and B are equal partners in AB, Ltd  A and B have 704(b) book capital balances as shown below  The only activity in AB, Ltd  is depreciation in the amount of $1,000 each year  AB, Ltd  specially allocates this depreciation to A each year  AB, Ltd  has a qualified income offset provision to A in the amount of $1,500  Based on this information complete the table below for each of the years  Do not calculate years beyond the table  A B Beginning Capital $1,500 $1,500 Year 1 Current Year Activity Ending Capital Year 2 Current Year Activity Ending Capital Year 3 Current Year Activity Ending Capital Year 4 Current Year Activity Ending Capital A and B are equal partners in AB, Ltd  A and B have 704(b) book capital balances as shown below  The only activity in AB, Ltd  is depreciation in the amount of $1,000 each year  AB, Ltd  specially allocates this depreciation to A each year  AB, Ltd  has a qualified income offset provision to A in the amount of $1,500  Based on this information complete the table below for each of the years  Do not calculate years beyond the table  A B Beginning Capital $1 500 $1 500 Year 1 Current Year Activity Ending Capital Year 2 Current Year Activity Ending Capital Year 3 Current Year Activity Ending Capital Year 4 Current Year Activity Ending Capital

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Question

A and B are equal partners in AB, Ltd. A and B have 704(b) book capital balances as shown below. The only activity in AB,

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A and B are equal partners in AB, Ltd. A and B have 704(b) book capital balances as shown below. The only activity in AB, Ltd. is depreciation in the amount of $1,000 each year. AB, Ltd. specially allocates this depreciation to A each year. AB, Ltd. has a qualified income offset provision to A in the amount of $1,500. Based on this information complete the table below for each of the years. Do not calculate years beyond the table.
	A	B
Beginning Capital	$1,500	$1,500
Year 1
Current Year Activity
Ending Capital

Year 2
Current Year Activity
Ending Capital

Year 3
Current Year Activity
Ending Capital

Year 4
Current Year Activity
Ending Capital