Linda invests $320,000 during 2022 for a 25% interest in a partnership. Shematerially participates in the partnership during the year. The partnership incurs aloss with $400,000 being Linda's allocable share. She has no other investments.

Which of the following statements is incorrect?

a. Since Linda has only $320,000 of capital at risk, she cannot deduct anymore than this amount against her other income in 2022.

b. Linda has a nondeductible loss of $80,000 in 2022 which can be carriedover and used in future years.

c. If Linda has taxable income of $160,000 from the partnership in 2023 and there are no other transactions that affect her at-risk amount, she can use the $80,000 loss carried over from 2022.

d. Linda's $400,000 loss is not deductible in either 2022 or 2023 under the passive activity loss provisions.

e. All the statements are correct.