A number of years ago, Lee acquired a 20% interest in the BlueSky Partnership for $60,000. The partnership was profitable through 2015, and Lee's amount at risk in the partnership interest was $120,000 at the beginning of 2016. BlueSky incurred a loss of $400,000 in 2016 and reported income of $200,000 in 2017. Assuming that Lee is not a material participant, how much of his loss from BlueSky Partnership is deductible in 2016 and 2017? Consider the at-risk and passive activity loss rules, and assume that Lee owns no other passive investments.