Consider the following, and answer the associated question:

Triple J Partners has the following balance sheets for book and tax at year end:

	Tax Basis	Book Value
Cash & Equivalents	$50,000	$50,000
Property 1	1,200,000	1,500,000
Property 2	1,250,000	1,250,000
Other Assets	800,000	800,000
	$3,300,000	$3,600,000
Nonrecourse Mortgage, Property 1	$1,500,000	$1,500,000
Recourse Mortgage, Property 2	1,200,000	1,200,000
Capital, James	0	300,000
Capital, Johnson	300,000	300,000
Capital, Jackson	300,000	300,000
	$3,300,000	$3,600,000

Property 1 was contributed by partner James. The partnership agreement allocates profits equally, but losses are allocated 25% to James, 25% to Johnson, and 50% to Jackson.

How will the partnership allocate the recourse mortgage?