Lopezes, in 2022, they invest $20,000 in an oil partnership that incurs a first-year net loss, of which $30,000 is their share. In 2023, the Lopezes have taxable income of $15,000 from the oil partnership and invest an additional $10,000 in the venture. How much loss can they deduct in 2022 and 2023? Assume that the Lopezes interest in the partnership is subject to the at-risk limits but is not subject to the passive activity loss limits.