The TR Partnership had an ordinary operating loss of $48,000 for 2016. The partnership had assets of $58,500 and liabilities of $15,000 at the end of the year. Before allocation of the loss, partner Ashford's one-third capital interest had an adjusted basis of $10,000 at the end of 2016. How much may Ashford deduct on his individual tax return as his share of the partnership loss in 2016?

a. $14,500

b. $10,000

c. $16,000

d. $15,000

e. None of the above