Please don't forget to answer (C) and (D). Thank you!1. Limitations on Losses under 704(d). A and B, calendar year individuals, are equal partners in a real estate partnership. In the current year, the partnership had gross rental income of $250 and deductions, including depreciation, of $300. To what extent is the resulting loss of $50 deductible by the partners limited under 704(d), if:

(a) The adjusted bases of A and B for their interests in the partnership as of the last day of the current year (after adjustment for all events during the year other than the loss) are $10 and $30, respectively.

(b) Same as (a) except the partnership has taxable income of $30 for the following year.

(c) Same as (a) except the current years loss is comprised of an operating loss of $30 and a long-term capital loss of $20?

(d) Same as (a) except that A's basis at the beginning of the year was $10, A contributed an additional $10 to partnership capital at the middle of the year, and the partnership distributed $20 to him on the last day of the year.