If a passive loss flows through to an owner from a partnership or S corporation, it must clear three hurdles before the taxpayer can deduct the loss on the tax return. Which of the following statements is accurate? A If the owner's basis in the partnership or S corporation ) is less than his or her distributive share of the loss, then all of the loss will clear the basis hurdle. B The loss that clears the at-risk hurdle is the loss that a taxpayer deducts on the return. C If the at-risk rules and passive loss rules limit the loss, the amount of loss that the owner can deduct is not available at each level. E All the statements above are NOT ) accurate