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Required information (The following information applies to the questions displayed below.] Matt and Meg Comer are married and file a joint tax return. They do

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Required information (The following information applies to the questions displayed below.] Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $64,500. Meg works part-time at the same university. She earns $31,300 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). (Use the tax rate schedules, Dividends and Capital Gains Tax Rates.) (Round final answers to the nearest whole dollar amount.) a. What is the Comers' tax liability for 2018 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 9,060 (2,060) 15,110 (6,110) Answer is complete but not entirely correct. Total tax liability S 9,215 ro Molly Grey (single) acquired a 30 percent limited partnership Interest In Beau Geste LLP several years ago for $52,500. At the beginning of year 1, Molly has tax basis and an at-risk amount of $28,500. In year 1, Beau Geste Incurs a loss of $ 201,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any Income or loss from Beau Geste) Is $60,600. This includes $17,900 of passive Income from other passive activities. In year 2, Beau Geste earns Income of $33,000. In addition, Molly contributes an additional $28,850 to Beau Geste during year 2 Molly's AGI In year 2 is $65,700 (excluding any income or loss from Beau Geste). This amount includes $15,760 In Income from her other passive Investments. a. Based on the above information, complete the following table: Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Req A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) At-Risk Amount: Initial year 1 amount: Allowed loss: End of year 1 at-risk amount Contribution for year 2 BG Income Allowed loss: End of year 2 at-risk amount Reg A1 Reg A2 Req A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) Year Total Loss At-Risk Allowed At-Risk Disallowed 1 2

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