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Ray and Matlas own $50$ percent capital and profits Interests In Alpine Propertles LLC$.$ AlpIne builds and manages rental

real estate, and Ray and Matlas each work full time $($over $1,000$ hours per year$)$ managing Alpine. Alpine's liabilitles $($at both

the beginning and end of the year$)$ consist of $$1,610,000$ in nonrecourse mortgages obtalned from an unrelated bank and

secured by varlous rental propertles. At the beginning of the current year, Ray and Matlas each had a tax basis of

$$250,000$ in his respectlve LLC Interest, Including his share of the nonrecourse mortgage liability. Alpine's ordinary

business losses for the current year totaled $$622,000,$ and nelther member is involved in other activities that generate

passive income.

Note: Leave no answer blank. Enter zero If applicable.

d$.$ If both Ray and Matlas are single and Ray has a current$-$year loss of $$61,000$ from a sole proprletorship, how much trade or business

loss can each deduct on his tax return in the current year?

Answer is complete but not entirely correct.