Bert Becker, single, is a $40\%$ member in the Becker Brewing Company, LLC$,$ and has a basis in his LLC interest of $$35,000$ and an at$-$risk amount of $$30,000.$ Bert also has a $70\%$ interest as a general partner in the MaryJane Partnership, for which he has a basis in the partnership of $$300,000$ and an at$-$risk amount of $$300,000.$ Bert works from home in $2024$ operating a sole proprietorship, Mile High Outfitters. He has provided a list of expenses to calculate any home office deduction. The square footage of his office is $550$ and the total square footage of his home is $3,000.$ Bert uses the office exclusively for work related to Mile High Outfitters. He does not elect the simplified method for his home office.

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Bert needs your help in handling the tax implications of his involvement in these three entities for $2024.$ Assume that the excess business loss limitation for $2024$ is $$305,000$ for single filers. See Chapter $10,$ LO$7,$ Excess Business Losses.

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You will review the Exhibits below and determine Bert's deductible losses, and his home office deduction.

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Exhibits

$2024$ Schedule K$-1($Form $1065)$ Becker Brewing Company $($BBC$),$ LLC $($Carnes$\_$I$2025\_$TBS$\_$Ch$11\_2024$ Schedule K$-1($Form $1065)\_$Becker Brewing.pdf$)$

$2024$ Schedule K$-1($Form $1065)$ MaryJane Partnership $($Carnes$\_$I$2025\_$TBS$\_$Ch$11\_2024$ Schedule K$-1($Form $1065)\_$MaryJane.pdf$)$

$2024$ Form $1040$ Schedule C Mile High Outfitters Schedule C $($Carnes$\_$I$2025\_$TBS$\_$Ch$11\_2024$ Form $1040$ Schedule C$\_$Mile High Outfitters.pdf$)$

$2024$ Home office expenses schedule $($Carnes$\_$I$2025\_$TBS$\_$Ch$11\_2024$ Bert Becker Home office expenses.docx$)$

$($Note: Modified versions of $2023$ tax forms are used because the $2024$ forms were not available at the time of publication.$)$

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$1.$ What is Bert Becker's deductible loss from BBC$,$ LLC$?$

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$2.$ If Bert Becker is a passive investor in BBC and has an outside basis and at$-$risk basis of $$50,000,$ what is the amount of his deductible loss?

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$3.$ After reviewing all investment activities exhibits and assuming that Bert has enough basis in the LLC and partnership and at$-$risk basis and disregarding any potential home office deduction, what is the total deductible business loss for Bert Becker?