Liz, Lorrie, Pat and John own an equal share of the LLPJ Partnership. At the beginning of the year, when her basis in the Partnership was 45,000, Liz contributed $35,000 to help with cash flow. At the end of the year, the Partnership reported Ordinary Business Income of $500,000, and distributed $25,000 cash to Liz. Other Partnership items included: - Guaranteed payments of 15,900 to each of the 3-partners. - Exempt Interest income - $21,000 - Charitable contributions 9,000 - Increase in Partnership debt/liability 30,000

Required: Calculate Liz Outside Basis in the Partnership interest at the end of the Partnership year