46. On December 31, 20X1, John owns a 50% partnership interest in which he has a $300,000 tax basis and no amount at risk. The calendar year partnership has one activity. In earlier years, John deducted ordinary losses of $25,000 from the partnership for which he was fully at risk. During 20X2, John receives a $50,000 distribution from the partnership and is allocated a tax loss of $100,000.

How much should be reported as income in 20X2? ____________________

How much should be reported as loss in 20X2? ____________________

How much loss is suspended and carried forward? ____________________