Leon sells his interest in a passive activity for $165,500. Determine the tax effect of the sale based on each of the following independent facts: If an amount is zero, enter "o". a. Adjusted basis in this investment is $57,925. Losses from prior years that were not deductible due to the passive activity loss restrictions total $63,718. The taxable gain is s 43,857 The suspended losses at the end of the year are $ b. Assume the same sales price but the adjusted basis in this investment is $124,125. Losses from prior years that were not deductible due to the passive activity loss restrictions total $63,718. The deductible loss iss 22,343 . The suspended losses at the end of the year are Feedback Check My Works Partially correct C. Assume the same sales price but the adjusted basis in this investment is $124,125. Losses from prior years that were not deductible due to the passive activity loss restrictions total $63,718. In addition, suspended credits total $16,550. The deductible loss is $ 22,343 The suspended losses at the end of the year are The suspended credits at the end of the year are lost. Leon sells his interest in a passive activity for $165,500. Determine the tax effect of the sale based on each of the following independent facts: If an amount is zero, enter "o". a. Adjusted basis in this investment is $57,925. Losses from prior years that were not deductible due to the passive activity loss restrictions total $63,718. The taxable gain is s 43,857 The suspended losses at the end of the year are $ b. Assume the same sales price but the adjusted basis in this investment is $124,125. Losses from prior years that were not deductible due to the passive activity loss restrictions total $63,718. The deductible loss iss 22,343 . The suspended losses at the end of the year are Feedback Check My Works Partially correct C. Assume the same sales price but the adjusted basis in this investment is $124,125. Losses from prior years that were not deductible due to the passive activity loss restrictions total $63,718. In addition, suspended credits total $16,550. The deductible loss is $ 22,343 The suspended losses at the end of the year are The suspended credits at the end of the year are lost