Question: Jose acquired a passive activity several years ago. At the beginning of 2017, his at-risk amount was $65,000. Jose had the following income and losses

Jose acquired a passive activity several years ago. At the beginning of 2017, his at-risk amount was $65,000. Jose had the following income and losses from this activity:

2017	<89,000> passive loss
2018	17,000 passive income
2019	113,000 passive income; Additionally, Jose received a $5,000 distribution in 2019.

How much is Jose’s At-risk basis, suspended at-risk losses, suspended passive activity losses, and deductible losses at the end of each year? Solve as we have in class (on your own paper, WORD doc, Excel, etc.) and enter year-end amounts in the table, below. Do not leave any items blank! If zero, enter 0.

Date	At-Risk Basis	Suspended At-Risk Losses	Suspended Passive Activity Losses	Deductible
12/31/2017
12/31/2018
12/31/2019

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