In 2019, Fred invested $106,000 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the partnership losses is $74,200 in 2019 and $51,940 in 2020, how much can he deduct in each year? Fred can deduct $ X in 2019 and $ X in 2020. Jorge owns two passive investments, Activity A and Activity B. He plans to sell Activity A in the current year or next year. Juanita has offered to buy Activity A this year for an amount that would produce a taxable passive activity gain to Jorge of $115,000. However, if the sale, for whatever reason, is not made to Juanita, Jorge believes that he could find a buyer who would pay about $7,000 less than Juanita. Passive activity losses and gains generated (and expected to be generated) by Activity B follow: Two years ago ($35,000) Last year (35,000) This year (8,000) Next year (30,000) Future years Minimal profits All of Activity B's losses are suspended. Jorge is in the 32% tax bracket. If your answer is zero enter "0". a. If Activity A is sold to Juanita in the current year: How are the suspended losses for Activity B treated? They reduce the gain from the sale of Activity A. What is the Federal income tax related to the sale of Activity A? $