At the beginning of 2019. Ms.P purchased a 20 percent interest in PPY Partnership for $25,000. Ms. P's Schedule K-1 reported that her share of PPY's debt at year-end was $24,000, and her share of ordinary loss was $44,000. On January 1, 2020, Ms. P sold her interest to another partner for $3,200 cash. a. How much of her share of PPY's loss can Ms. P deduct on her 2019 return? b. Compute Ms. P's recognized gain on sale of her PPY interest. c. How would your answers to parts a and b change if PPY were an S corporation instead of a partnership? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required How much of her share of PPY's loss can Ms. P deduct on her 2019 return? Deduction $ 5,000 3 Red A Required B >