The partnership of A and B realized an ordinary loss of $75,000 in 2017. Both the partnership and the two partners are on a calendar year basis. The partners share profits and losses equally. On December 31, 2017, adjusted basis of partnership interest for A and B are $36,000 and 39,000 respectively. On his individual return for 2017, what amount and character of loss should B deduct and what will be Bs basis after loss deduction?

a. Capital loss of $37,500 and Basis of $1,500 b. An ordinary loss of 39,000 and Basis of $0 c. An ordinary loss of $37,500 and Basis of $1,500 d. An capital loss of $39,000 and Basis of $0