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Tobias is a 50% partner in Solomon LLC, which does not invest in real estate. On January 1, 2021, Tobias's adjusted basis for his LLC

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Tobias is a 50% partner in Solomon LLC, which does not invest in real estate. On January 1, 2021, Tobias's adjusted basis for his LLC interest is $130,000, and his at-risk amount is $105,000. His share of losses from Solomon for 2021 is $150,000, all of which is passive. He has another investment that produced $90,000 of passive income during. 2021. (Assume there were no distributions or changes in liabilities during the year.) How much of Solomon's losses may Toblas deduct in 2021 on his Form 10407 . How much of the loss is suspended and what code provisions cause the suspensions? Therefore, Toblas can deduct s on his return in 2021

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