Sam, single with no dependents, is a partner in a calendar year partnership. His Schedule K-1 for the current tax year includes his share of the following items:

Ordinary business loss	$ (300,000)
Short-term capital gain	30,000
Dividend income	20,000
Cash distribution	80,000

Sam's tax basis in his partnership interest at the beginning of the year was $280,000. Sam has $200,000 income from sources other than his partnership interest. How much of the $300,000 ordinary loss may he deduct on his Form 1040 in the current year?