Tropical Fruit Partnership is a calendar year general partnership with the following current year information: Operating loss $(1,650,000) Liabilities: Note payable, Big Bank 165,000 Note payable, Pineapple (individual) 110,000 On January 1 Coconut bought 60% of Tropical Fruit Partnership for $247,500. How much of the operating loss may Coconut deduct currently? Assume the excess business loss limitation does not apply. $313,500 $440,000 $412,500 $357,500