Farell is a member of Sierra Vista LLC. Although Sierra Vista is involved in a number of different business ventures, it is not currently involved in real estate either as an investor or as a developer. On January 1, year 1, Farell has a $232,000 tax basis in his LLC interest that includes his $222,000 share of Sierra Vistas general liabilities. By the end of the year, Farells share of Sierra Vistas general liabilities have increased to $232,000. Because of the time he spends in other endeavors, Farell does not materially participate in Sierra Vista. His share of the Sierra Vista losses for year 1 is $257,000. As a partner in the Riverwoods Partnership, he also has year 1, Schedule K-1 passive income of $6,000. Farell is single and has no other sources of business income or loss

a-1. Deductible loss
a-2. Losses suspended by tax basis limitation
a-2. Losses suspended by at-risk limitation
a-2. Losses suspended by passive activity loss limitation

b-1. Deductible loss
b-2. Losses suspended by tax basis limitation
b-2.Losses suspended by at-risk limitation
b-2.Losses suspended by passive activity loss limitation

c-1. Deductible loss
c-2. Losses suspended by tax basis limitation
c-2. Losses suspended by at-risk limitation
c-2. Losses suspended by passive activity loss limitation

d. Assuming Farell is deemed to be an active participant in Sierra Vista and he has a $266,500 loss from a sole proprietorship, determine how much total trade or business loss Farell will deduct on his return if year 1 is 2020.