Jackson invested $212,000 in a passive activity five years ago. On January 1, 2017, his at-risk amount in the activity was $50,500. His share of the income and losses in the activity were $59,150 loss in 2017, $23,850 loss in 2018, and $88,250 gain in 2019.

Required:

1. How much can Jackson deduct in 2017 and 2018?
2. What is his taxable income from the activity in 2019? Keep in mind the at-risk rules as well as the passive loss rules.