Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1985. He also acquired a rental house in 2016, which he actively manages. During 2016, Walters share of the partnerships losses was $30,000, and his rental house generated $20,000 in losses. Walters modified adjusted gross income before passive losses is $125,000. a. Calculate the amount of Walters allowable deduction for rental house activities for 2016. $____________ b. Calculate the amount of Walters allowable deduction for the partnership losses for 2016. $____________ c. What may be done with the unused losses, if anything?