Carrey earns a salary of $350,000, and invests $100,000 for a 30% interest in a passive activity. Operations of the activity result in a loss of $400,000, of which Carreys share is $120,000. How is her loss characterized? a. $20,000 is suspended under the passive loss rules and $100,000 is suspended under the at-risk rules. b. $20,000 is suspended under the at-risk rules and $100,000 is suspended under the passive loss rules. c. $120,000 is suspended under the passive loss rules. d. $120,000 is suspended under the at-risk rules. e. None of the above