Julia acquired passive Activity A in January 2012 and passive Activity B in July 2014. Until 2015,

Question:

Julia acquired passive Activity A in January 2012 and passive Activity B in July 2014. Until 2015, Activity A was profitable. Activity A produced a loss of $150,000 in 2015 and a loss of $150,000 in 2016. She has passive income from Activity B of $50,000 in 2015, and $35,000 in 2016. How much of the net passive losses may she deduct in 2015 and 2016 respectively? (Ignore at-risk rules.)