Nichole owns a 50% interest in partnership J&K. She contributed a computer system with a FMV of $15,000 and an adjusted basis of $10,00U tU un partnership. Neither Nichole nor the partnership recognized any gain when the property was contributed. Which of the following is true regarding dhe partnership's basis in the computer system and Nichole's outside basis? O Partnership's basis in computer system - $10,000, Nichole's outside basis - increases by $10,000. Partnership's basis in computer system - $10,000, Nichole's outside basis - increases by $15,000. Partnership's basis in computer system - $15,000, Nichole's outside basis - increases by $10,000. Partnership's basis in computer system - $15,000, Nichole's outside basis - increases by $15,000. For the tax year, ABC partnership reported a $68,000 ordinary loss and a $30.000 increase in recourse liabilities for which the partners are liable. Amm a 50% partner, had an adjusted basis of $20,000 at the beginning of the year. What is Anne's alowable loss and her adjusted basis in ABC at the end of the year? O Allowable loss: $19,000. Adjusted basis: $1,000. O Allowable loss: $20,000. Adjusted basis: $0. O Allowable loss: $34,000. Adjusted basis: $0. O Allowable loss: $34,000. Adjusted basis: $1,000. OMark for follow up