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i need help understanding on how to find the basis in partnership . thanks In 2019, Jerry acquired an interest in a partnership in which

i need help understanding on how to find the basis in partnership . thanks
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In 2019, Jerry acquired an interest in a partnership in which he is not a material participant. The partnership was profitable until 2020, Jerry's basis in the partnership interest at the beginning of 2020 was $58,000. In 2020, his share of the partnership loss was $44,000 In 2021, his share of the partnership income was $19.400. Required: How much can Jerry deduct in 2020 and 2021? Note: Leave no cells blank - be certain to enter "0" wherever required. Answer is complete but not entirely correct. 2020 2021 Deductible losses OS 19,400 Losses suspended during the year $ 44.000 Basis in partnership 14.000 37.000 0

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