Jack, who was a partner in ABC partnership for the entirety of the year ended December 31, 2021, has received his 2021 Schedule K-1 (form 1065). Box 18 of Part III, which is reproduced below. 18 Tax-exempt income and nondeductible expenses 00D B C 2,175 0 5,000 Required: By reference to Partner's Instructions for Schedule K-1 (Form 1065) (2021), complete the following table. Code Include in form 1040 Yes or No Impact, if any, on Jack's Basis Jack, who was a partner in ABC partnership for the entirety of the year ended December 31, 2021, has received his 2021 Schedule K-1 (form 1065). Box 18 of Part III, which is reproduced below. 18 Tax-exempt income and nondeductible expenses 00D B C 2,175 0 5,000 Required: By reference to Partner's Instructions for Schedule K-1 (Form 1065) (2021), complete the following table. Code Include in form 1040 Yes or No Impact, if any, on Jack's Basis