Ferris owns an interest in,but does not materially participate in,an activity.He has $30,000 at-risk.The business produced a loss in the current year and Ferris's share of the loss is $45,000.Assuming Ferris has no passive income,how much of the $45,000 loss will be deductible by Ferris?
A)$0.
B)$45,000.
C)$30,000.
D)Cannot be determined.

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The Answer of Ferris owns an interest in,but does not materially participate in,an activity.He has $30,000 at-risk.The business produced a loss in the current year and Ferris's share of the loss is $45,000.Assuming Ferris has no passive income,how much of the $45,000 loss will be deductible by Ferris?
A)$0.
B)$45,000.
C)$30,000.
D)Cannot be determined.

Ferris Owns an Interest In,but Does Not Materially Participate In,an