Julia acquired passive Activity A in January 2015 and passive Activity B in July 2017. Until 2018, Activity A was profitable. Activity A produced a loss of $150,000 in 2018 and a loss of $150,000 in 2019. She had passive income from Activity B of $50,000 in 2018 and $35,000 in 2019. Required: How much of the net passive losses may she deduct in 2018 and 2019, respectively? (Ignore at-risk rules.) Year Allowed losses Suspended losses 2018 2019