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 $40,000. During the year, he was allocated $33,000 of partnership ordinary business income, $110,000 of S1231 losses, and $90,000 of short-term capital losses and received a cash distribution of $40,000. (Do not round intermediate calculations.) a. what items related to these loss allocations does Juan Diego actually report on his tax return for the year? [Hint See Reg51704-1(d) (2) and Rev. Rul. 66-94.] Amount Deducted Currently Short-term capital losses Section 1231 losses