In 2011,Kipp Invested $65,000 for a 30% Interest in a Partnership

In 2011,Kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity.The partnership reported losses of $200,000 in 2011 and $100,000 in 2012,Kipp's share being $60,000 in 2011 and $30,000 in 2012.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 2011; $30,000 in 2012.
B) $60,000 in 2011; $30,000 in 2012.
C) $60,000 in 2011; $5,000 in 2012.
D) $60,000 in 2011; $0 in 2012.
E) None of the above.