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Josiah is a 30% member in Fedora LLC, which does not invest in real estate. On January 18, Josiah's adjusted basis for his LLC interest

Josiah is a 30% member in Fedora LLC, which does not invest in real estate. On January 18, Josiah's adjusted basis for his LLC interest is $812,000, and his at-risk amount is $606,000. His share of losses from Fedora for the current year is $986,000, all of which is passive. Josiah owns as another investment that produced $558,000 of passive income during the year. (Assume there were no distributions or changes in liabilities during the year.) How much of Fedora's losses may Josiah deduct on his Form 1040? How much of the loss is suspended and what Code provisions cause the suspensions?

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