James is a 20 percent owner in Steam Works LLC. His basis in his partnership interest equal $35,000, including his $18,000 share of the partnership debt. Steam Works generated a $100,000 ordinary loss this year. a. If James' is an active partner, what amount of Steam Works' loss can James deduct this year? b. If James' is a passive partner, what amount of Steam Works' loss can James deduct if the only passive income he reports is $10,000