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 $1231 losses, and $90,000 of short-term capital losses and received a cash distribution of $40,000. (Do not round intermediate calculations.) What items related to these allocations does Juan Diego actually report on his tax return for the year? [Hint. See Reg. \$1.704-1(d)(2) nd Rev. Rul. 66-94.] Answer is complete but not entirely correct