Bill Berry is a limited partner in three partnership generating 2013 passive losses of $1,000 , $2,000 and $5,000. A fourth investment, Partnership D Ltd, produced passive income of $5,000 in 2013. ( No suspended losses exist from prior years )

1. what is the amount of net income or net loss reported by Bill on his 2013 tax return for the four activities described above.

2. what is Bill's suspended loss carryover, if any, and how is the amount of the suspended loss carryover allocated to each activity

3. locate form 8582 and complete the 2013 form for Bill Berry's transaction above