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 $154,000 tax basis in his LLC interest that includes his $141,000 share of Sierra Vista's general debt obligations. By the end of the year, Farell's share of Sierra Vista's general debt obligations has increased to $154,000. 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 $179,000 As a partner in the Riverwoods Partnership, he also has year 1. Schedule K-1 passive income of $10,000. Farrell is single and has no other sources of business income or loss. (Leave no answer blank. Enter zero if applicable.) 2-1. Determine how much of the Sierra Vista loss Farell will currently be able to deduct on his tax return for year 1 0-2 List the losses suspended due to tax basis, at-risk, and passive activity loss limitations. a 1 Deductible loss $ 10,000 a-2 Losses suspended by tax basis limitation Losses suspended by at-risk limitation Losses suspended by passive activity loss limitation