Reitah recently inherited $$1,000,000$ from her great Aunt Helene. Reitah earns $$310,000$ a year and was not expecting the inheritance but would like to invest some of it in an opportunity she recently heard about. There is a startup leasing company for airplanes that fly sick children to hospitals and even dogs to new homes. It is set up as a limited partnership and she will invest $$50,000$ for a $20\%$ interest in the passive activity. The first year the company did great, but this year there was a $$300,000$ loss from operating activities. How is her loss characterized?