I would like to know what the net amount is after following the at risk/basis limitation and the passive loss rules. net amount would be reported on line 17. In reality, the income from various flow-through entities are listed/summarized on schedule E, but schedule E is not required for this.I just need to figure out what the net amount will be and provide a calculation/ explanation of that number.

During the year, Janice invested $10,000 (tax basis and at-risk basis) into XYZ limited partnership (a passive investment). Her share of the limited partnership income for the year was $5,000, and Janice received a $1,000 distribution from XYZ limited partnership.

During the year, Janice also invested $2,000 (tax basis and at-risk basis) into ABC limited partnership (a passive investment). Her share of the limited partnership loss for the year was $3,000. Because ABC limited partnership lost money during the year there were no distributions paid to partners.