Comprehensive Problem $9-81$ Part $1($Algo$)$

Required:

a$.$ What outside basis do Amir and Francesca have in their partnership interests at the end of the year?

b$.$ How much of their losses are currently not deductible by Amir and Francesca because of the tax$-$basis limitation$?$

c$.$ To what extent does the passive activity loss limitation apply in restricting their deductible losses for the year?

Note: For all the requirements, negative amounts should be entered with a minus sign. Leave no answers blank. Enter zero if applicable.