Last Year, Mr

Last year, Mr. Margot purchased a limited interest in a business partnership, which is her only passive activity. Last year, she was allocated $14,900 of the partnership's ordinary business loss. This year, she was allocated $7,700 of the partnership's ordinary business income. Which of the following statements is false?

A) Last year, Mr. Margot could not deduct any of her allocated partnership loss.
B) This year, Mr. Margot can deduct $7,700 of last year's loss.
C) Mr. Margot has a $7,200 passive activity loss carryforward into next year.
D) None of the above statements is false.