On January 1, 2019 Josie has a basis in her partnership Interest of $180,000. Josie received a 2019 Form K-1 showing her share of ordinary loss of $400,000,her share of municipal bond interest $70,000 and her share of a long term capital gain of $120,000. What amount of ordinary partnership loss can Josie deduct on her 2019 tax return? Mumple Choice $180.000 $300.000 $370.000