jill perry invested $10,000 for a 5% interest in a limited partnership on january 1, year 1. there is one general partner with a 50% interest. in year 1, the partnership purchased an office building to rent and incurred a nonrecourse debt of $100,000 to a bank paying interest for only 5 years. the debt has no conversion feature. the partnership incurred a loss of $150,000 in year 1 and a loss of $200,000 in year 2. how much can jill deduct each year, ignoring any passive loss rules