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.2019 Joanne invested $94,000 for a 20% interest in a limited liability company (LLC) in which she is a material participant. TheLLCreported losses of $340,000

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.2019 Joanne invested $94,000 for a 20% interest in a limited liability company (LLC) in which she is a material participant. TheLLCreported losses of $340,000 in 2019 and $180,000 in 2020. Joanne's share of the LLC's losses was $68,000 in 2019 and $36,000 in 2020. How much of these losses can Joanne deduct? a. $68,000 in 2019;$26,000 in 2020. b. $68,000 in 2019;$22,000 in 2020. c. $0 in 2019; $0 in 2020. d. $68,000 in 2019; $36,000 in 2020

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