Posa coentributes $50,000 to a business entity in exchange for a 10% ownership interest, Rosa materially participates in the entity, The entity incurs a lass of $900,000 for the curtent tax vear, it holds habilities of $700,000 at the end of the wear. Of this amount, $150,000 is recourse debt and $550,000 is nonrecourse debt. If an amount is zero, enter 0. a. Assume that the business entuly is a partnership. Hew much of the entity lows can flosa dedust on her current tax year income tax return? x What is her basis for the porthership interest at the end of the current tax year? forise roket in wos Under the canaut cinopet, the entity is viewed as merely all extension of the owners. Under the entity concept, the entity is regarded as being b. Asturne that us hisiness entity is a C corporation. How mech of the eprity loss can Rosa deduct on her carrent tax year income tax return? Whir is ber basin for the atock ot the end of the purrent rax year