Paul,who is a doctor,is advised to invest in rental property.He becomes a 25%owner of US Realty LP.In year 1Paul makes a capital contribution of$30,000.Thepartnershiphad net income of $500 in year 1(Paul share's of the gain is $125).In year 2, Paul makes anadditionalcapitalcontributionof $10,000.The partnership has a net loss $5,000

in year 2.(Paul's share is $1,250).In year 3, partnership distributes $20,000 to Paul.Also, in year 3, the partnership incurslossesof $20,000 (Paul's share is $5,000).What is Paul's At-Risk/Tax Basis at the start of year 4?