39 Ferris owns an interest in, but does not materially participate in, an activity. He has $30,000 at-risk. The business produced a loss in the current year and Ferris's share of the loss is $45,000. Assuming Ferris has no passive income, how much of the $45,000 loss will be deductible by Ferris? 01:05:54 eBook Multiple Choice $0. $30,000. $45,000. Cannot be determined.

Ferris owns an interest in, but does not materialy participate in, an activity. He has $30,000 at-risk. The business produced a loss in the current year and Ferris's share of the loss is $45,000. Assuming Ferris has no passive income, how much of the $45,000 loss will be deductible by Ferris? Miplechace $0 $30000 $4.000 Canmot be optermined