• chegg complete sweets form 1065 page 1, form 1065, schedule k, and adam’s form 1065, schedule k-1 (note that you should use 2020 tax forms). (25 points) • compute the tax basis of adam’s ownership interest in sweets at the end of 2020. (10 points) • what amount of adam’s income from sweets is subject to fica or self-employment taxes? (5 points) • what amount of income, including its character, will adam recognize on the $30,000 distribution he receives on december 1? (5 points) • what amount of tax does sweets pay on the $2,000 qualified dividend it received? (5 points)
