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Tasker is organized as an S Corporation.. Thirty percent of Tasker s loss is allocated to Mindy. Mindy is not involved in Tasker s business

Tasker is organized as an S Corporation.. Thirty percent of Taskers loss is allocated to Mindy. Mindy is not involved in Taskers business activities. Consequently, she is considered to be a passive investor in Tasker. Mindy has a $400,000 basis and at-risk amount in her ownership interest in Tasker. Mindy does not report income or loss from any other business activity investments. How much of the $300,000 loss allocated to her from Tasker is Mindy allowed to deduct this year?

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