Amy and Mitchell share equally in the profits, losses and capital of the accrual basis AM Products LLC. Amy is a managing member of the LLC (treated as a partner) and is a U.S. person. At the beginning of the current year, Amys capital account has a balance of $300,000, and the LLC has debts of $200,000 payable to unrelated parties. The debts are recourse to the LLC but neither of the LLC members had personally guaranteed them. Assume that all LLC debt is shared equally between the partners. The following information about AMs operations for the current year is obtained from the LLCs records.

Ordinary income $ 900,000

W-2 wages to employees 200,000

Depreciation expenses 300,000

Interest income 4,000

Short-term capital loss 6,000

Long term capital gain 12,000

Charitable contributions (cash) 4,000

Cash distribution to Amy 20,000

Unadjusted basis of partnership depreciable property 1,600,000

Year end LLC debt payable to unrelated parties is $140,000. Assume all transactions are reflected in her beginning capital and basis in the same manner.

Assuming the same facts as above, what income, gains, losses and deductions does Amy report on her income tax return? Based on the information provided, what other calculations is she required to make?