Mannarino acquired a passive activity in January of 2013. His at-risk basis at the beginning of 2015 was $65,000. This is the only passive activity…

Mannarino acquired a passive activity in January of 2013. His at-risk basis at the beginning of 2015 was $65,000. This is the only passive activity that Mannarino owns. Mannarino’s share of income and loss from the activity is as follows:

           2015                           <$95,000>

           2016                            55,000

Complete the following tables.

AT RISK RULES ONLY

FOR 2015

Deductible under at-risk provisions                            ____________________

Adjusted basis at 12/31/15                                         ____________________

Suspended under at-risk provisions                            ____________________

FOR 2016

Deductible under at-risk provisions                            ____________________

Adjusted basis at 12/31/16                                         ____________________

Suspended under at-risk provisions                            ____________________

PASSIVE RULES ONLY

FOR 2015

Deductible under passive loss provisions                   ____________________

Suspended under passive loss provisions                   ____________________

FOR 2016

Deductible under passive loss provisions                   ____________________

Suspended under passive loss provisions                   ____________________

BONUS (apply both at risk and passive rules)

FOR 2015

Deductible under at-risk provisions                            ____________________

Adjusted basis at 12/31/15                                         ____________________

Suspended under at-risk provisions                            ____________________

Deductible under passive loss provisions                   ____________________

Suspended under passive loss provisions                   ____________________

FOR 2016

Deductible under at-risk provisions                            ____________________

Adjusted basis at 12/31/16                                         ____________________

Suspended under at-risk provisions                            ____________________

Deductible under passive loss provisions                   ____________________

Suspended under passive loss provisions                   ____________________