Terri Owns a 50 Percent Interest in the TT Partnership

Multiple Choice

Terri owns a 50 percent interest in the TT Partnership.At the beginning of the year, her basis in her partnership interest was $75,000.The partnership reports a $40,000 loss for the year and distributes $4,000 cash to Terri.What is her basis in her partnership interest at the end of the year?

A) $111,000
B) $75,000
C) $51,000
D) $31,000