! Required information [The following information applies to the questions displayed below.] Juan Diego began the year with a tax basis in his partnership interest of $52,200. During the year, he was allocated $20,880 of partnership ordinary business income, $73,080 of $1231 losses, and $31,320 of short-term capital losses and received a cash distribution of $52,200. Note: Do not round intermediate calculations. b. If any deductions or losses are limited, what are the carryover amounts, and what is their character? [Hint. See Regulations $1.704- 1(d). ] X Answer is not complete. $1231 losses Short-term capital losses