Jenna began the year with a tax basis of $49,000 in her partnership interest. Her share of partnership debt consists of $4,000 of recourse debt and $14,000 of nonrecourse debt at the beginning of the year and $4,000 of recourse debt and $16,000 of nonrecourse debt at the end of the year. During the year, she was allocated $62,000 of partnership ordinary business loss. Jenna does not materially participate in this partnership and she has $8,000 of passive income from other sources.

a. How much of Jennas loss is limited by her tax basis? In other words, how much of the loss will be unused and must be carried forward due to her basis?

b. How much of Jennas loss is limited by her at-risk amount? In other words, how much of the loss will be unused and must be carried forward due to her at-risk amount, above and beyond what was already limited due to basis (in letter a)?

c. How much of Jennas loss is limited by the passive activity loss rules? In other words, how much of the loss will be unused and must be carried forward due to passive activity loss rules, above and beyond what was already limited due to basis and at-risk?