The partnership of marks & sparks sustained an ordinary loss of $42,000 in year 1. the partnership, as well as the two partners, are on a calendar-year basis. the partners share profits and losses equally. at december 31, year 1, marks had an adjusted basis of $18,000 for his partnership interest, before consideration of the loss. on his year 1 individual tax return, marks should deduct an(a)
ordinary loss of $18,000 j k l m n
ordinary loss of $21,000 j k l m n
ordinary loss of $18,000 and a capital loss of $3,000 j k l m n
capital loss of $21,000j k l m n