Question Content AreaIn $2024,$ Liam invested $$100,000$ for a $25\%$ interest in a partnership involved in an activity in which he is a material participant. The partnership reported losses of $$340,000$ in $2024$ and $$180,000$ in $2025$ with Liam's share being $$85,000$ in $2024$ and $$45,000$ in $2025.$ How much of the losses can Liam deduct?

a$.$ $$85,000$ in $2024,$ $$0$ in $2025.$

b$.$ $$0$ in $2024,$ $$0$ in $2025.$

c$.$ $$85,000$ in $2024,$ $$15,000$ in $2025.$

d$.$ $$85,000$ in $2024,$ $$45,000$ in $2025.$