6. At the beginning of the year, Jills basis in her 40% limited partnership interest was $10,000. During the year, the partnership reported a loss of $90,000 and the partnership obtained a $40,000 recourse loan on some machinery. How much loss may Jill deduct if she has $40,000 of passive income? (Points : 5) 1. $10,000 2. $16,000 3. $26,000 4. $36,000 5. None of the above