Required information Problem $9-76($LO $9-6)($Algo$)[$The following information applies to the questions displayed below.$]$ Farell is a member of Sierra Vista LLC$.$ Although Sierra Vista is involved in a number of different business ventures, it is not currently involved in real estate either as an investor or as a developer. On January $1,$ year $1,$ Farell has a $\backslash$$$235,000$ tax basis in his LLC interest that includes his $\backslash (\backslash$$ $218,000\backslash )$ share of Sierra Vista's general liabilities. By the end of the year, Farell's share of Sierra Vista's general liabilities have increased to $\backslash (\backslash$$ $235,000\backslash ).$ Because of the time he spends in other endeavors, Farell does not materially participate in Sierra Vista. His share of the Sierra Vista losses for year $1$ is $\backslash (\backslash$$ $270,000\backslash ).$ As a partner in the Riverwoods Partnership, he also has year $1,$ Schedule K$-1$ passive income of $\backslash (\backslash$$ $14,000\backslash ).$ Farell is single and has no other sources of business income or loss. Note: Leave no answer blank. Enter zero if applicable. Problem $9-76$ Part d $($Algo$)$ d$.$ Assume Farell is deemed to be an active participant in Sierra Vista, and he also has a $\backslash (\backslash$$ $307,000\backslash )$ loss from a sole proprietorship, determine how much total trade or business loss Farell will deduct on his return in year $1.$