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Nick Marvel acquired a passive partnership activity in January of 2013. His at-risk basis at the...

Nick Marvel acquired a passive partnership activity in January of 2013. His at-risk basis at the beginning of 2017 was $45,000. Nick Marvel also owns a rental property that generated income of $15,000 in 2017and $12,000 in 2018. Nick Marvel’s share of income and loss from the partnership activity is:2017<$69,000>2018 25,000Complete the following tables.AT RISK RULES ONLYFOR 2017Deductible under at-risk provisions____________________Adjusted basis at 12/31/17____________________Suspended under at-risk provisions____________________FOR 2018Deductible under at-risk provisions____________________Adjusted basis at 12/31/18____________________Suspended under at-risk provisions____________________PASSIVE RULES ONLYFOR 2017Deductible under passive loss provisions____________________Suspended under passive loss provisions____________________FOR 2018Deductible under passive loss provisions____________________Suspended under passive loss provisions

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