1. Last year, Ted invested $100,000 for a 50% interest in a partnership in which he materially participates. The partnership incurred a $300,000 loss. Which one of the following statements is correct?

a. Teds nondeductible loss of $200,000 carries forward.

b. Teds at-risk amount at the end of the year is negative.

c. The carryover period for his nondeductible loss is 5 years.

d. a, b, and c are incorrect.

e. a, b, and c are correct.