Question
BeMoe acquired a passive activity in January of 2013.His at-risk basis at the beginning of 2015 was $65,000.This is the only passive activity that BeMoe
BeMoe acquired a passive activity in January of 2013.His at-risk basis at the beginning of 2015 was $65,000.This is the only passive activity that BeMoe owns.BeMoe's share of income and loss from the activity is as follows:
2015<$95,000>
201655,000
Complete the following tables.
AT RISK RULES ONLY
FOR 2015
Deductible under at-risk provisions____________________
Adjusted basis at 12/31/15____________________
Suspended under at-risk provisions____________________
FOR 2016
Deductible under at-risk provisions____________________
Adjusted basis at 12/31/16____________________
Suspended under at-risk provisions____________________
PASSIVE RULES ONLY
FOR 2015
Deductible under passive loss provisions____________________
Suspended under passive loss provisions____________________
FOR 2016
Deductible under passive loss provisions____________________
Suspended under passive loss provisions____________________
BONUS (apply both at risk and passive rules)
FOR 2015
Deductible under at-risk provisions____________________
Adjusted basis at 12/31/15____________________
Suspended under at-risk provisions____________________
Deductible under passive loss provisions____________________
Suspended under passive loss provisions____________________
FOR 2016
Deductible under at-risk provisions____________________
Adjusted basis at 12/31/16____________________
Suspended under at-risk provisions____________________
Deductible under passive loss provisions____________________
Suspended under passive loss provisions____________________
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