Question: Dorothy acquired a 100% interest in two passive activities: Activity A in January 2009 and Activity B in 2010. Through 2012, Activity A was profitable,

Dorothy acquired a 100% interest in two passive activities: Activity A in January 2009 and Activity B in 2010. Through 2012, Activity A was profitable, but it produced losses of $200,000 in 2013 and $100,000 in 2014. Dorothy has passive income from Activity B of $20,000 in 2013 and $40,000 in 2014. After offsetting passive income, how much of the net losses may she deduct?

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