Question 7 (2.5 points) Charlie is a general partner with a 10% interest in Summertime Partners. His beginning of the year partnership basis was $4,000. During the year, Summertime borrowed $10,000. The partnership reported $6,000 ordinary loss. In addition, he earned $80,000 salary from ABC Corporation. How much of the partnership loss can he deduct this year? A) $5,000 B) $0 C) $6,000 D) $1,000