Exercise 11-28 (Algorithmic) (LO. 3) Lucy sells her partnership interest, a passive activity, with an adjusted basis of $310,000 for $341,000. In addition, she has current and suspended losses of $46,500 associated with the partnership and has no other passive activities. a. Calculate Lucy's total gain and her current deductible loss. Her total gain is $ 25,000 and her deductible loss is s -3,000 b. What type of income can the deductible loss offset? Lucy's deductible loss is offset against any income