In 2014, Kipp Invested $65,000 for a 30% Interest in a Partnership

In 2014, Kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity. The partnership reported losses of $200,000 in 2014 and $100,000 in 2015, Kipp's share being $60,000 in 2014 and $30,000 in 2015. How much of the losses from the partnership can Kipp deduct assuming he owns no other investments and does not participate in the partnership's operations?

A) $0 in 2014; $30,000 in 2015.
B) $60,000 in 2014; $30,000 in 2015.
C) $60,000 in 2014; $5,000 in 2015.
D) $60,000 in 2014; $0 in 2015.
E) None of the above.