Mason owns a passive activity that generates a loss of $14,000 in 2019, $12,000 in 2020, and income of $4,000 in 2021. In 2020, Mason purchases a second passive activity that has passive income of $6,000 in 2020 and $10,000 in 2021. Discuss the effect of Mason’s passive activity investments on his taxable income in 2019, 2020, and 2021. Assume that neither passive activity involves rental real estate.