Sco, a calendar-year S corporation, was formed January 1, 20X6. Tuti owns 60% of Sco's stock which had a basis to her of $100,000 on January 1, 20X6. She materially participates in Sco's business. On February 2, 20X6, Sco borrowed $300,000 from its bank and $75,000 from Tuti for use in its business. Sco had losses from operations of $120,000 for 20X6 and $280,000 for 20X7. Sco has not paid back any of the loan from Tuti. What amount of Tuti's share of Sco's 20X7 loss is deductible on her 20X7 return?