Billy Bob is at risk for $10,000 in Partnership A and $22,000 in Partnership B on January 1, 2017. Both partnerships are passive activities to Billy Bob. Billy Bobs share of net income from Partnership A during 2017 was $8,000. His share of losses from Partnership B was $12,000. What are the tax consequences to Billy Bob in 2017? How much is he as risk for each activity on January 1, 2018? Does he have any loss carryovers under the at-risk rules? Does he have any suspended losses under the passive loss rules.