In 2010, Joanne invested $90,000 for a 20% interest in a limited liability company (LLC) in which she is a material participant. The LLC reported losses of $340,000 in 2010 and $180,000 in 2011. Joanne's share of the LLC's losses was $68,000 in 2010 and $36,000 in 2011. How much of these losses can Joanne deduct?