Cindy is a 5% partner in C&C., which is a passive investment to her. Her basis in her partnership interest is $35,000 before loss allocations. The 35,000 includes her share of the partnerships nonrecourse debt; her share is 10,000. (This debt is not qualified) Cindy is allocating a (40,000) loss from C&C. Cindy is also a 10% partner in RSTU, which is a passive investment to her as well. Cindy is allocated 30,000 of income from RSTU. The amount of loss Cindy can deduct from C&C this year is:

a) 40,000

b) 35,000

c) 30,000

d) 25,000

e) None of the above