Lucy sells her partnership interest, a passive activity, with an adjusted basis of $313,500 for $344,850. In addition, she has current and suspended losses of $47,025 associated with the partnership and has no other passive activities. a. Calculate Lucy's total gain and her current deductible loss. Her total gain is $ and her deductible loss is \$ b. What type of income can the deductible loss offset? Lucy's deductible loss is offset againt any income only active and passive activity income only portfolio and passive activity income