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Pablo had a beginning outside basis of $50,000 in a limited partnership interest. During the year, the partnership reported the following items on Pablo's Form

Pablo had a beginning outside basis of $50,000 in a limited partnership interest. During the year, the partnership reported the following items on Pablo's Form 1065 Schedule K-1: Ordinary business loss - ($15,000) Long term capital gain - $3,000 Qualified dividends - $2,000 Nondeductible fines and penalties -($500) Reduction in Pablo's share of partnership debt - ($4,000) Cash contribution to the partnership - $10,000 Guaranteed payment [to Pablo] - ($8,000) What is Pablo's ending outside basis in his partnership interest? 0

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