b. Refer to the information in part (a) above. If losses were limited by the at-risk and the passive activity loss rules, how much would Gerald be able to deduct in 2018 and 2019? / in 2018 due to the passive loss rules and of the allowable Of the allowable at-risk loss for 2018, Gerald may deduct in 2019 due to the passive loss rules. at-risk loss from 2019, Gerald may deduct F eedback c. Assuming Gerald has $50,000 income in 2020, (and considering both at-risk and passive activity loss rules), what is the amount of Gerald's suspended losses at the end of 2020? Suspended under the at-risk rules: Suspended under the passive activity loss rules: What is his taxable income for 2020? 13,600 x At the end of 2020, what is the amount of Gerald's adjusted basis in the activity? x