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Farell is a member of Sierra Vista LLC$.$ Although Sierra Vista is involved in a number of different business ventures, it is not currently involved in real estate either as an investor or as a developer. On January $1,$ year $1,$ Farell has a $$145,000$ tax basis in his LLC interest that includes his $$131,000$ share of Sierra Vista's general liabilities. By the end of the year, Farell's share of Sierra Vista's general liabilities have increased to $$145,000.$ Because of the time he spends in other endeavors, Farell does not materially participate in Sierra Vista. His share of the Sierra Vista losses for year $1$ is $$173,000.$ As a partner in the Riverwoods Partnership, he also has year $1,$ Schedule K$-1$ passive income of $$10,000.$ Farell is single and has no other sources of business income or loss.

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a$-1.$ Determine how much of the Sierra Vista loss Farell will currently be able to deduct on his tax return for year $1.$

a$-2.$ List the losses suspended due to tax$-$basis, at$-$risk, and passive activity loss limitations$.$

a$-1.$ Deductible loss

a$-2.$ Losses suspended by tax basis limitation

a$-2.$ Losses suspended by at risk limitation

a$-2.$ Losses suspended by passive activity loss limitation