Jose, age 54, and single earns a salary of $180,000 working for a manufacturing company. He is an avid saver, and over the years has amassed an investment portfolio of $2,000,000. He expects the portfolio to appreciate in value at the average rate of 8% per year. Last year, he received dividends and interest from the portfolio valued at $40,000. After speaking with a financial planner Jose decided to invest $30,000 for a 15% interest in a passive activity in the current year. Operations of the activity resulted in a loss of $300,000 of which Jose's share was $45,000. How is his loss for the current year characterized?

a. $15,000 is suspended under the at-risk rules and $30,000 is suspended under the passive loss rules.

b. $30,000 is suspended under the at-risk rules and $15,000 is suspended under the passive loss rules.

c. $45,000 is suspended under the passive loss rules.

d. $45,000 is suspended under the at-risk rules.

ose, age 54 , and single earns a salary of $180,000 working for a manufacturing company. He is an avid saver, and over the years has amassed an investment portfolio of $2,000,000. He expects the portfolio to appreciate in value at the average rate of 8% ser year. Last year, he received dividends and interest from the portfolio valued at $40,000. After speaking with a financial planner Jose decided to invest $30,000 for a 15% interest in a passive activity in the current year. Operations of the activity resulted n a loss of $300,000 of which Jose's share was $45,000. How is his loss for the current rear characterized? $15,000 is suspended under the at-risk rules and $30,000 is suspended under the assive loss rules. . $30,000 is suspended under the at-risk rules and $15,000 is suspended under the assive loss rules. c. $45,000 is suspended under the passive loss rules. $45,000 is suspended under the at-risk rules