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In 2019, Jerry acquired an interest in a partnership in which he is not a material participant. The partnership was profitable until 2020. Jerry's basis in the partnership interest at the beginning of 2020 was $66,000. In 2020, his share of the partnership loss was $50,000. In 2021, his share of the partnership income was $25,800. Required: How much can Jerry deduct in 2020 and 2021? Note: Leave no cells blank - be certain to enter "O" wherever required. 2020 Deductible losses Losses suspended during the year Basis in partnership 2021