QUESTION $34$

the Partnership and a Fair Market Value of $$18,000.$ As a result of this transaction Peggy has aink

Ordinary Loss of $$1,000.$

Ordinary L Les of $$2,000.$

Capical Loss of $$2,000.$

Capital Loss of $$1,000.$

QUESTION $35$

$$15,000$ to the Partnership and a Fair Market Value of $$18,000.$ As a result of this transaction Arleta has a$($n$)$:

Capital Loss of $$2,000.$

Capital Loss of $$1,000.$

Ordinary Loss of $$2,000.$

Ordinary Loss of $$1,000.$