Tropical Fruit Partnership is a calendar year general partnership with the following current year information: On January 1 Coconut bought 60% of Tropical Fruit Partnership for $585,000. How much of the operating loss may Coconut deduct currently? Assume the excess business loss limitation does not apply. \begin{tabular}{c} $975,000 \\ \hline$1,040,000 \\ \hline$741,000 \\ \hline$845,000 \end{tabular}