I will need help on section E later but im doing other parts right now but if you do other thats fine too.

Amy and Mitchell share equally (50\%) in the profits, losses, and capital or the accrual basis AM Products LLC. Amy is a managing mernber of the LLC (troated as a general partner) and is a U.5. person. At the beginning of the current year, Army's tax basis capital accounc has a balance of $576,000, and the LLC has debts of $374,400 payable to unrelated parties. Alt debts are recourse to the LLe, but neither of the LLC members has personaily guaranteed them. The following information about AM's operations for the current year is obtained from the LLC's records. - Operating income equals revenue less operating expenses (other than expenses listed separately above). Year-end LLC debt payable to unrelated parties is $262,080. Assume that all transactions are reflected in her beginning capital and basis in the same manner. Also assume that all AM Products' activities are eligible for the qualified business income deduction. a. Calculate Amy's basis in her LLC interest at the beginning and end of the tax year. Use her capital account as a starting point. UCC interest at the beginning of the year: 5 x LLC interest at the end of the year: 4 b. What income, gains, losses, and deductions does Amy report on her income tox return? If an amount is zero, enter "0"; T Check 3y Wrek Partialy correct c. Based on the information provided, what other calculations is Amy required to make? Amy may be elig ble to deduct up to of the ordinary income as qualafed business income under 5199A and will make that calculation on her return. This deduction require a cash outflow by Amy or the LLC, and it 4 affect her bass or capital account. As someone treated as a qeneral partner, Amy's distributive share of the LLCs ordinary business income V subject to self-employment tax and possibly the additional Medicare tax. Her Y from the LLC may be subject to the additional tax under 51411. d. Prepare Amy's tax basis capital account roll forward from the beginning to the end of the tax year. How does her ending capital account differ from her ending tax basis in the LLC interest as calculated in part (a)? Amy's capital account differs from her basis only by the amount of her share of LLC e. Using the information from parts (a) to (d), prepare Amy's Schedule K-1 as if you were the preparer of AM Products LLC's rax roturn. Provide all informetion that Amy needs to the extent vou can. Enter all amounts as positive numbers: M Did the partner contribute property with a built-in gain (loss)? - Yes = No If "Yes," attach statement. See instructions: N Partner's Share of Net Unrecognixed Section 704(c) Gain or (Loss) Beginning capital account .......... 5 Ending ...................... 5 For Paperwork Reduction Act Notice, see Instructions for Form 1065