Required Information Problem 09-75 (LO 09-5, LO 09-6) (Algo) [The following Information applies to the questions displayed below.] Juan Diego began the year with a tax basis in his partnership Interest of $50,400. During the year, he was allocated $20,160 of partnership ordinary business income, $70,560 of 1231 losses, and $30,240 of short-term capital losses and received a cash distribution of $50,400. Note: Do not round Intermediate calculations. Problem 09-75 Part a (Algo) a. What Items related to these allocations does Juan Diego actually report on his tax return for the year? [Hint See Regulations 1.704- 1(d)(2) and Revenue Rule 66-94.] 1231 losses Short-term capital losses Amount Deducted Currently