In 2014, Declan invested S100,000 in a passive activity business. Declan's share of the business' losses for 2014 was $25,000, and Declan had no passive income for 2014. Declan's share of the business' losses for 2015 was $5,000, and Declan had no passive income for 2015. On January 1, 2016, Declan sold his interest in the passive activity business. Declan's only other income for 2016 was salary of $50,000 per year. What amount of passive activity losses can Declan deduct in 2016