Question 49 of 75. For the tax year, LMN partnership reported a $63,000 ordinary loss and a $25,000 increase in recoursellabilities for which the partners are liable. Gina, a 50% partner, had an adjusted basis of 515,000 at the beginning of the year. What is Gina's allowable loss and her adjusted basis in LMN at the end of the year? Allowable loss: $31.500. Adjusted basis: $6,500 Allowable loss: $31,500. Adjusted basis: $4,000 Allowable loss: $31,500. Adjusted basis: $0 Allowable loss: $10,000 Adjusted basis: 54,000. 0 0 0 0