Juan Diego began the year with a tax basis in his partnership interest of $50,600. During the year, he was allocated $20,240 of partnership ordinary business income, $70,840 of $1231 losses, and $30,360 of short-term capitat losses and recelved a cash distribution of $50,600. Note: Do not round intermediate calculations. Problem 20-75 Part a (Algo) What items related to these allocations does Juan Diego actually report on his tax return for the year? [Hint See Regulations 51.70 . (d) (2) and Revenue Rule 66-94.] b. If any deductions or losses are limited, what are the carryover amounts, and what is their character? [Hint See Regulations 51.704 1 (d).]