In 2013, Ethan contributes cash of $50,000 and property with a fair market value of $100,000 and basis of $20,000 in exchange for a 20% interest in the EFP Partnership.

The partnership is not a passive activity.

For 2013, his share of partnership items were an ordinary loss of $80,000, interest income of $2,000, dividends of $5,000, and capital gains of $4,000.

How much of the current year loss is deductible by Ethan and what is Ethan's at-risk amount on December 31, 2013?