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Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2021 activities:

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Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2021 activities: Required: a1. Calculate the partnership's ordinary (nonseparately stated) income. a2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No". b. Calculate Jayanthi's allocable share of partnership items. c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2021 ? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $33,750. Calculate her ending adjusted tax basis in her partnership interest. Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2021 activities: Required: a1. Calculate the partnership's ordinary (nonseparately stated) income. a2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No". b. Calculate Jayanthi's allocable share of partnership items. c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2021 ? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $33,750. Calculate her ending adjusted tax basis in her partnership interest

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