Cassandra is a 10% limited partner in C&C, Ltd. Her basis in the interest is $60,000 before loss allocations, including her $30,000 share of the partnerships nonrecoursedebt. Cassandra is also a 10% limited partner in MNOP in which her basis is $30,000. Cassandra is allocated an $80,000 (passive) loss from C&C and $20,000 of income from MNOP. How much of the loss from C&C may Cassandra deduct?

a. $20,000b. $30,000c. $60,000d. $80,000

why is this the answer? additionally, under what code provision are the remaining losses suspended?

there are some answers to this same question already posted, however, they have conflicting answers so I would appreciate clarification and a clear breakdown of the answer thank you very much!