Question 10 of 50. For the tax year, OSH partnership reported a $74,000 ordinary loss and a $28,000 increase in recourse liabilities for which the partners are liable. Ashley, a 50% partner, had an adjusted basis of $15,000 at the beginning of the year. What is Ashley's allowable loss and her adjusted basis in OSH at the end of the year? O Allowable loss: 7,500. Adjusted basis: $8,000 Allowable loss: $15,000. Adjusted basis: 50 O Allowable loss: $20,000. Adjusted basis: 50. Allowable loss: $37,000. Adjusted basis: $8,000 Mark for follow up Question 11 of 50. One of the most important changes regarding pass-through entities as a result of TCJA is the addition of: The technical termination rule regarding transfers of partnership interest. The QBI deduction to reduce taxable income. The adjustments required when corporations revoke their election and change from a C corporation to an S corporation. The increase in the amount that a partner can take as a result of their share of charitable contributions made by the partnership