Manny Kant is invested two passive activities: Categorical, LLC and Imperative, Inc. As of 1/1/2019 he had the following At-Risk Basis and Suspended Losses in each Investment: At-Risk Basis Categorical, LLC $100,000 Imperative, Inc. $0 Suspended Losses under At-Risk Rules 0 ($10,000) Suspended Passive Activity Losses ($20,000) ($30,000) In addition Manny was allocated the following passive income (loss) from the investments in 2019 and 2020 Categorical, LLC Imperative, Inc. 2019 Income/(loss) $20,000 $30,000 2020 Income/(loss) $80,000 ($50,000) quired: What amount of taxable income/(loss) will Manny recognize from his investment in these activities for 2020