Five years ago Gerald invested $124,000 in a passive activity, his sole investment venture. On January 1, 2017, his amount at risk in the activity was $24,800. His shares of the income and losses were as follows:

YearIncome (Loss)2017($37,200)2018(24,800)201944,800

Gerald holds no suspended at-risk or passive activity losses at the beginning of 2017.

d.Assuming Gerald has $44,800 income in 2019, (and consideringbothat-risk and passive activity loss rules), what is the amount of Gerald's suspended passive activity losses at the end of 2019? $ ??

At the end of 2019, what is the amount of Gerald's adjusted basis in the activity?

$7600