Jimmy Smith began the year with a tax basis in his partnership interest of $50,000. During the year, he was allocated $15,000 of partnership ordinary business income, $60,000 of 1231 losses, $20,000 of short-term capital losses, and received a cash distribution of $40,000.

What items related to these allocations does Jimmy Smith actually report on his tax return for the year? [See Reg. 1.704-1(d)(2) and Rev. Rul. 66-94.]