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 reat estate elther as an Investor or as a developer. On January 1 , year 1 , Farell has a $259,000 tax basis in his LLC interest that includes his $244,000 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 $259,000. 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 $294,000. As a partner in the Riverwoods Partnership, he also has year 1, Schedule K-1 passive income of $13,000. Farell is single and has no other sources of business income or loss. Note: Leave no answer blank. Enter zero if applicable. Assume Farell is deemed to be an active participant in Sierra Vista. Required: c-1. Determine how much of the Sierra Vista loss he will ultimately be able to deduct on his tax return for year 1. c2. List the losses suspended due to tax-basis, at-risk, and passive activity loss limitations