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4. Several years ago, Drew invested $100,000 in a passive activity, his sole investment venture. On January 1, 2018, his amount at risk in the
4. Several years ago, Drew invested $100,000 in a passive activity, his sole investment venture. On January 1, 2018, his amount at risk in the activity is $25,000. His shares of the income and losses were as follows: 2018 ($34,000) 2019 ($28,000) 2020 $41,000 What are Drews deductible and suspended losses in 2018, 2019, and 2020 and what is his 2020 ending At Risk Basis? Consider the at-risk rules as well as the passive loss rules. (Be specific as to the level of the suspended losses At Risk vs Passive)
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