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 elther as an investor or as a developer. On January 1, year 1. Farell has a $101.000 tax basis in his LLC interest that includes his $88,000 share of Sierra Vista's general liabilities. By the end of the year , Farell's share of Sierra Vista's general liabilities have increased to $101,000. 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 $131,000. As a partner in the Riverwoods Partnership, he also has year 1, Schedule K-1 passive Income of $9.000. Farell is single and has no other sources of business income or loss. (Leave no answer blank. Enter zero if applicable.) Problem 20-76 Part c (Algo) Assume Farell is deemed to be an active participant in Sierra Vista. c-1. Determine how much of the Sierra Vista loss he will ultimately be able to deduct on his tax return for year 1 c-2. list the losses suspended due to tax-basis, at-risk, and possive activity loss limitations C1 Deductibles 0.2 Lossos suspended by tax bass mitation c.2 Losses suspended by an imitation 0.2 Lossos suspended by passive activity loss limitation