Last year Aubrey invested $150,000 for a 25% interest in a travel agency in which she is a material participant. Her at-risk basis at the beginning of the current year is $140,000. The travel agency incurs a loss in the current year. Aubrey's share of the loss is $180,000. Which of the following statements is incorrect?

Since Aubrey is a material participant in this activity , she can deduct her entire $180,000 loss.

Due to at-risk limitations, Aubrey has a suspended loss of $40,000.

If Aubrey has taxable income of $80,000 from the travel agency next year and there are no other transactions that affect her at-risk basis, she can deduct all of the $40,000 suspended loss carried over from the current year.

$140,000 of Aubreys $180,000 loss is deductible in the current year.

If Aubrey has income from another business investment, such income will not increase her at-risk deduction in the travel agency.