Five years ago Gerald invested $116,000 in a passive activity, his sole investment venture. On January 1, 2019, his amount at risk in the activity was $23,200. His shares of the income and losses were as follows:

Year	Income (Loss)
2019	($34,800)
2020	(23,200)
2021	43,200

Gerald holds no suspended at-risk or passive activity losses at the beginning of 2019.

If an answer is zero, enter "0".

c. Assuming Gerald has $50,000 income in 2021, (and considering both at-risk and passive activity loss rules), what is the amount of Gerald's suspended losses at the end of 2021?

• Suspended under the at-risk rules: $
• Suspended under the passive activity loss rules: $

What is his taxable income for 2021? $ At the end of 2021, what is the amount of Gerald's adjusted basis in the activity? $