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3. (10 points) Linda is a 50% partner in Stillwell Partnership. Her basis was $60,000 at the beginning of 2019. Linda received $20,000 in cash

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3. (10 points) Linda is a 50% partner in Stillwell Partnership. Her basis was $60,000 at the beginning of 2019. Linda received $20,000 in cash distributions during 2019. For 2019 Stillwell had a $130,000 business loss and a $30,000 long term capital gain. a. What is Linda's basis at the end of the year? b. How much business loss can Linda carry forward into 2020

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