What is Allison's basis in her partnership interest at the end of the year after accounting for losses, distributions, and liabilities?

To determine Allison's basis in her partnership interest at the end of the year, it is necessary to consider several factors: her initial investment, any capital accounts before accounting for losses, distributions made during the year, and her share of the partnership's liabilities.

If her initial investment was $50,000 and there were no distributions or losses to account for, her basis would indeed remain as $50,000 at the end of the year. Distributions would reduce the basis, while losses would also decrease her basis, but if neither of these occurred, the result would confirm that her basis remains consistent with her initial investment.

Without additional details on distributions or losses, the situation indicates that the calculations support the conclusion that, as of year-end, her basis in the partnership interest is indeed $50,000. This value reflects her unadjusted capital contribution, and she would possess this amount as her basis in the absence of any adjustments.