Hello I am confident that the bold lines are correct.

Would someone be able to confirm the "non-bold" lines

and also help me calculate deductible losses?

In 2016, Jerry acquired an interest in a partnership in which he is not a material participant. The partnership was profitable until 2017. Jerry's basis in the partnership interest at the beginning of 2017 was $55,000. In 2017, his share of the partnership loss was $40,000. In 2018, his share of the partnership income was $18,000. How much can Jerry deduct in 2017 and 2018?

2017 2018

Deductible losses$

Suspended losses$ 40,000 0

Basis in partnership$ 15000 33,000

Sincerely,

Paul