In 2017, Kipp Invested $65,000 for a 30% Interest in a Partnership

In 2017, Kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity. The partnership reported losses of $200,000 in 2017 and $100,000 in 2018, Kipp's share being $60,000 in 2017 and $30,000 in 2018. 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 2017; $30,000 in 2018.
B) $60,000 in 2017; $30,000 in 2018.
C) $60,000 in 2017; $5,000 in 2018.
D) $60,000 in 2017; $0 in 2018.
E) None of the above.