Reggie is a 30% member of Apex LLC. His basis for his LLC interest is $120,000 and his at-risk basis is $90,000. His share of losses from Apex LLC for the current year is $180,000, all of which is passive. Reggie owns another investment that produced $40,000 of passive income for the year.

a. How much of Apex LLC losses can Reggie deduct this year?

b. How much is suspended under each of the limitations give the code sections and the suspended amount.

c. What is the answer to a and b above if his passive income from his other investment was $200,000?