answer with correct letters
Lisa owns a 35% interest in the LOA Partnership and has a $15,000 basis in her partnership interest (before adjustments for Lisa's share of current year partnership income or loss) During the current year, the LOA Partnership reports a $140,000 ordinary loss and no change in partnership liabilities. Lisa materially participates in the business in the current year Read the requirements a. What amount of the loss can Lisa deduct in the current year? (Enter a $0 1 no fose can be deducted.) The Sons that Lisa can deduct in the current year is b. What is Lisa's basis in her partnership Interest at the end of the current year? (Enter a 50 for a zero balance) Lisa's basis in her partnership interest at the end of the current year is c. What happens to Lina's unused ordinary loss (f any)? OA. The partnership can claim the loss and distribute to Lisa her share of the resulting refund OB. It can be ovet Unused losses and deductions carry over indefinitely and are allowed in subsequent years when the partner again has a positive basis in her partnership interest OC. It is lost Unused ordinary losses cannot be carried over to another year, only capital losses can be used in subsequent years Enter any number in the edities and then continue to the next och Read the requirements c. What happens to Lisa's unused ordinary loss (if any)? OA. The partnership can claim the loss and distribute to Lisa her share of the resulting refund OB. It carries over Unused losses and deductions carry over indefinitely and are allowed in subsequent years when the partner again has a positive basis in her partnership Interest OC. It is lost Unused ordinary loses cannot be carried over to another year, only capital fosses can be used in subsequent years. OD. It can be used to offset her capital gains, if any, even if her basis in the martnanthin Interactions d. What advice can you give Lisa about reducing the amount of unused loss (If any) that was not deductible in the current year? (Select all that apply) A. Se some personal investments to create a net capital gain. The unused ordinary loss from the partnership (or at least a portion of it) can then be utilized in the current year B. Submit a written request to the other partners for her share of the loss claimed by the partnership C. Cause the LOA Partnership to borrow additional amounts from a bank or athled party londer such that her share of the additional borrowing would be at least the amount of the unused loss D. Increase her basis in the partnership interest. Lisa could make an additional capital contribution to the partnership before the end of the year