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Danni is a single 3 0 percent owner of Kolt ( a business entity ) . In the current year, Kolt reported a $ 1

Danni is a single 30 percent owner of Kolt (a business entity). In the current year, Kolt reported a $1,000,000 business loss. Answer the following questions associated with each of the following alternative scenarios:
Note: Leave no answer blank. Enter zero if applicable.
b. Kolt is organized as an LLC taxed as a partnership. Thirty percent of Kolt\'s loss is allocated to Danni. Danni works 20 hours a week on Kolt business activities (she is not considered to be a passive investor in Kolt). Danni has a $400,000 basis in her Kolt ownership interest, and she also has a $400,000 at-risk amount in her investment in Kolt. Danni does not report income or loss from any other business activity investments. How much of the $300,000 loss allocated to her from Kolt is Danni allowed to deduct this year?
THE ANSWER IS NOT 250,000 OR 300,000 OR 400,000

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