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2 po QUESTION 11 In 2020, Jack invested $65,000 for a 30% interest in a partnership conducting a passive activity. The partnership reported losses of

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2 po QUESTION 11 In 2020, Jack invested $65,000 for a 30% interest in a partnership conducting a passive activity. The partnership reported losses of $200,000 in 2020 and $100,000 in 2021, Jack's share being $60,000 in 2020 and $30,000 in 2021. How much of the losses from the partnership can Jack deduct Assuming he owns no other investments and does not participate in the partnership's operations? a. 560,000 in 2020; 50 in 2021. Ob.560,000 in 2020: 530,000 in 2021. O $60,000 in 2020; 55,000 in 2021. O d. 50 in 2020; $0 in 2021 Oe. None of the above

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