Problem 6: Investor Losses

Manny Kant is invested two passive activities: Categorical, LLC and Imperative, Inc. As of 1/1/2021 he had the following At-Risk Basis and Suspended Losses in each Investment:

	Categorical, LLC	Imperative, Inc.
At-Risk Basis	$300,000	$0
Suspended Losses under At-Risk Rules	0	($20,000)
Suspended Passive Activity Losses	($50,000)	$0

In addition, Manny was allocated the following passive income/(loss) from the investments in 2021 and 2022:

	Categorical, LLC	Imperative, Inc.
2021 Income/(loss)	($50,000)	$50,000
2022 Income/(loss)	$200,000	($200,000)

Required: What is the ended at-risk basis in Imperative, Inc as of 12/31/2022?