Sirius Black acquired a passive partnership activity in January of 2015. His at-risk basis at the beginning of 2018

was $55,000. Sirius Black also owns a rental property that generated income of $19,000 in 2018 and $14,000 in

2019. Sirius Black's share of income and loss from the partnership activity is:

2018

<$69,000>

2019

25,000

Complete the following tables.

AT RISK RULES ONLY

FOR 2018

Deductible under at-risk provisions

____________________

Adjusted basis at 12/31/18

____________________

Suspended under at-risk provisions

___________________

FOR 2019

Deductible under at-risk provisions

____________________

Adjusted basis at 12/31/19

____________________

Suspended under at-risk provisions

____________________

PASSIVE RULES ONLY

FOR 2018

Deductible under passive loss provisions

____________________

Suspended under passive loss provisions

____________________

FOR 2019

Deductible under passive loss provisions

____________________

Suspended under passive loss provisions

____________________

BONUS (apply both at risk and passive rules together) (3 points)

FOR 2018

Deductible under at-risk provisions

____________________

Adjusted basis at 12/31/18

____________________

Suspended under at-risk provisions

____________________

Deductible under passive loss provisions

____________________

Suspended under passive loss provisions

____________________

FOR 2019

Deductible under at-risk provisions

____________________

Adjusted basis at 12/31/19

____________________

Suspended under at-risk provisions

____________________

Deductible under passive loss provisions

____________________

Suspended under passive loss provisions

____________________