3. Kelly is a partner in the JK partnership. She materially participates. Her adjusted outside basis in the partnership is $80,000. Of this, $25,000 comes from nonrecourse debt. Her share of partnership losses from JK is $60,000, and she has passive income of $25,000 from other activities. What is the maximum amount of the losses from JK that she is able to deduct? (5 points)