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Antonin Scalia invested $70,000 in a passive activity several years ago, and on January 1, 2019, his amount at risk was $30,000. His shares of

Antonin Scalia invested $70,000 in a passive activity several years ago, and on January 1, 2019, his amount at risk was $30,000. His shares of the income and losses in the activity for the next three years are as follows. He does not own an interest in any other passive activities. Year Income (Loss) 2019 (40,000) 2020 20,000 2021 (35,000) Answer each of the following questions. How much is Antonin taxalbe income from passive activity in 2020? Identify suspended losses carried fowrad to 2021.

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