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For the tax year ABC partnership reported 68000 ordinary loss and 30000 increase in recourse liabilities for which the partners are liable Anne a 50%

For the tax year ABC partnership reported 68000 ordinary loss and 30000 increase in recourse liabilities for which the partners are liable Anne a 50% owner had an adjusted basis of 20000 at the beginning of the year. What is Annes allowable loss and her adjusted basis in ABC at the end of the year

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