4. LO.5 At the beginning of the tax year, Barnaby’s basis in the BBB Partnership was

$50,000, including his $5,000 share of partnership debt. At the end of the tax year, his share of the entity’s debt was $8,000.

Barnaby’s share of BBB’s ordinary income for the year was $20,000, and he received cash distributions totaling $12,000. In addition, his share of the partnership’s tax-exempt income was $1,000. Determine Barnaby’s basis at the end of the tax year.