Van makes an investment in a partnership in 2013. Van's capital contributions to the partnership consisted of $30,000 cash and a building with an adjusted basis of $70,000, subject to a nonrecourse liability of (seller financing) $20,000.

a. Calculate the amount that Van has at risk in the activity immediately after making the capital contributions.

$______________

b. If Van's share of the loss from the partnership is $100,000 in 2013, and assuming that Van has sufficient amounts of passive income, how much of the loss may he deduct in 2013? $______________

c. What may be done with the nondeductible part of the loss in Part b?