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Five years ago, Gerald invested $ 1 5 0 , 0 0 0 in a passive activity, his sole investment venture. On January 1 ,

Five years ago, Gerald invested $150,000 in a passive activity, his sole investment venture. On January 1,2022, his amount at risk in the activity was $30,000. His shares of the income and losses were as follows:
\table[[Year,Income (Loss)],[2022,($40,000)
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