4. Eli is a 30% partner in the MNO partnership. At the beginning of 2019, his basis in his partnership interest is $40,000. In 2019, the partnership sustains an operating loss of ($200,000). In 2020, the partnership's performance improves, and it eams operating income of $150,000. The amount of ordinary income Eli will report in his 2020 adjusted gross income is: a. $0 b. $20,000 C $25,000 d. $45,000 e. None of the abovel 5. Sara is a 40% partner in the GH Partnership. At the start of this year, Sara's tax basis in her partnership interest is $19,250. No payments were made from the partnership to Sara, or vice-versa, during the year. For this year, the partnership reports a long-term capital loss of ($30,000) and an ordinary loss of ($40,000). The amount of ordinary loss Sara can deduct this year a. ($7,700). b. ($8,000) C. ($11,000) d. ($16,000). e. none of the above. 6. Damon is a 50% owner (member) of Del Rental Properties, LLC. Del Rental is involved in rental real estate activities. Damon's basis in his LLC interest is $50,000 before any loss allocation. The LLC has no liabilities. During the current tax year, Del Rental reported an ordinary loss from rental real estate activities of ($200.000). Simon is an active participant in Del Rental. His AGI is $95,000. Damon also reports income of $20,000 from ABC partnership, which is a passive investment to him. The amount of ordinary loss from Del Rental that Damon can deduct this year a. ($45,000) b. ($50,000) c. ($100,000). d. ($20,000) e. none of the above