Jackson invested $224,000 in a passive activity five years ago. On January 1,2018, his at-risk amount in the activity was $53,500. His share of the income and losses in the activity were $63,050 loss in 2018,$25,950 loss in 2019 , and $92,750 gain in 2020 . Required: a. How much can Jackson deduct in 2018 and 2019? b. What is his taxable income from the activity in 2020 ? Keep in mind the at-risk rules as well as the passive loss rules. Complete this question by entering your answers in the tabs below. How much can Jackson deduct in 2018 and 2019 ? (Leove no cells blank - be certain to enter "0" wherever required.) Jackson invested $224,000 in a passive activity five years ago. On January 1,2018, his at-risk amount in the activity share of the income and losses in the activity were $63,050 loss in 2018,$25,950 loss in 2019 , and $92,750 gain in Required: a. How much can Jackson deduct in 2018 and 2019? b. What is his taxable income from the activity in 2020 ? Keep in mind the at-risk rules as well as the passive loss rule Complete this question by entering your answers in the tabs below. What is his taxable income from the activity in 2020? Keep in mind the at-risk rules as well as the passive loss rules