Josie and Zach are married. Josie is a material participant in a business that specializes in monetizing intellectual property. This business suffered a $250,000 taxable loss in 2020. Zach started a business two years ago in which he materially participates. The business suffered a taxable loss of $600,000 in 2020. What is Josie’s and Zach’s deductible loss from these activities for the year?