Sal is a 50% partner in SB Pizzeria Partnership. Sal's basis in the partnership is $60,000. During the year, SB Partnership had a business loss of $80,000, and $10,000 of capital gain income. During the year SB partnership distributed cash of $40,000 to Sal and also distributed equipment FMV $30,000, basis $15,000 to Sal. 1. What is Sal's taxable gain or loss for the year? 2. What is Sal's basis at the end of the year? 3. What portion of the $80,000 business loss that SB Partnership incurred can Sal take on his current tax return? 4. What is the loss carryforward amount