Leon sells his interest in a passive activity for $243,500. Determine the tax effect of the sale based on each of the following independent facts:

If an amount is zero, enter "0".

a. Adjusted basis in this investment is $85,225. Losses from prior years that were not deductible due to the passive activity loss restrictions total $93,748.

The

taxable gaindeductible losstaxable gain

is $fill in the blank ___

The suspended losses at the end of the year are $fill in the blank ____

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b. Assume the same sales price but the adjusted basis in this investment is $182,625. Losses from prior years that were not deductible due to the passive activity loss restrictions total $93,748.

The

deductible losstaxable gaindeductible loss

is $fill in the blank ____

The suspended losses at the end of the year are $fill in the blank ____

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c. Assume the same sales price but the adjusted basis in this investment is $182,625. Losses from prior years that were not deductible due to the passive activity loss restrictions total $93,748. In addition, suspended credits total $24,350.

The

deductible losstaxable gaindeductible loss

is $fill in the blank ____

The suspended losses at the end of the year are $fill in the blank _____.

The suspended credits at the end of the year are

carried backcarried forwardlostlost

.