Cal and Ann Are a Married Couple Filing a Joint

Multiple Choice

Cal and Ann are a married couple filing a joint return.Ann earns a $700,000 salary as a bank executive.The couple has $150,000 of interest and dividend income.Cal is a 50% partner and material participant in CD Partnership.CD has incurred a $1.5 million ordinary loss in 2019,and Cal's share is $750,000.Cal's basis is large enough to absorb the loss.With respect to the partnership loss,the couple will deduct

A) $750,000.
B) $700,000.
C) $510,000.
D) $255,000.