$1.$ James is a limited partner in the RV partnership that has all the required provisions to comply with the alternative test for economic effect. There is no deficit make up for James.$$ His capital account balance before allocations at year end is $$3,000.$ There was an unexpected distribution during the year that reduced James capital account to$($$$2,000).$ It is it true or false that James must be allocated as quickly as possible income$/$gain to eliminate the $$2,000$ deficit in his capital account? Explain briefly. partnership anticipates making a distribution to Kathleen two years later of $$1,000,$ it is true or false that the most losses$/$deductions that can be currently allocated to Kathleen would be $$3,000?$ Explain briefly.