Judy acquired passive Activity A in January 2011 and Activity B in July 2012. Until 2016, Activity

Question:

Judy acquired passive Activity A in January 2011 and Activity B in July 2012. Until 2016, Activity A was profitable. Activity A produced a loss of $50,000 in 2016 and a loss of $75,000 in 2017. She has $45,000 passive income from Activity B in 2016, and $35,000 in 2017. After offsetting passive income, how much of the net losses may she deduct?