During the year, J sold his interest in Sterling XXI, a limited partnership, for a gain of $30,000. At the time of the sale, J had suspended losses from Sterling of $50,000. For the year, J also had a loss from another passive activity of $35,000. As a result, Js taxable income will decrease by $50,000, and he will have a suspended loss of $5,000. a. True b. False