Five years ago Gerald invested $102,000 in a passive activity, his sole investment venture. On January 1, 2014, his amount at risk in the activity was $20,400. His shares of the income and losses were as follows:

Year	Income (Loss)
2014	($30,600)
2015	(20,400)
2016	40,400

Year	Loss	Allowed	Disallowed
2014	($30,600)	$	$
2015	($20,400)
Total			$

d. Considering both at-risk and passive loss rules, what is the amount of Gerald's suspended passive losses at the end of 2016? $

At the end of 2016, what is the amount of Gerald's adjusted basis in the activity? $