Question 18 of 76. O For the tax year, ABC partnership reported a 560,000 ordinary loss and a $30,000 increase in recourse liabilities for which the partners are liable. Anne, a 50% partner, had an adjusted basis of 20.000 at the beginning of the year. What is Anne's allowable loss and her adjusted basis In ADG 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 Alowable loss: $34,000. Adjusted basis: $1,000 Question 19 of 75. S SSY property with an adjusted basis of 543,000 and a FMV of Hailie, Lauryn, and Camee formed HL&C, a general partnership, as equal partners. Hailie contributed $55,000 cash and property with an adjusted basis of $25,000 and a FMV of $35,000. Camee contributed property with an adjustin What is Hailie's ending $55,000. The partnership made $90,000 in ordinary income for the year and there were no cash or property distribu capital account? O $55,000 O $85,000 O $88,446 O S103,333