Need Help with Part C (RED X)

Five years ago Gerald invested $198,000 in a passive activity, his sole investment venture. On January 1, 2019, his amount at risk in the activity was $39,600. His shares of the income and losses were as follows: Year Income (Loss) 2019 ($59,400) 2020 (39,600) 2021 59,600 Gerald holds no suspended at-risk or passive activity losses at the beginning of 2019. If an answer is zero, enter "0". a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2019 and 2020? Year Loss Allowed Suspended 2019 ($59,400) $ 39,600 $ 19,800 2020 ($39,600) 0 39,600 Total $ 59,400 b. Refer to the information in part (a) above. If losses were limited by the at-risk and the passive activity loss rules, how much would Gerald be able to deduct in 2019 and 2020? Of the allowable at-risk loss for 2019, Gerald may deduct $ 0 in 2019 due to the passive loss rules and of the allowable at-risk loss from 2020, Gerald may deduct $ 0 in 2020 due to the passive loss rules. Feedback Check My Work Correct C. Assuming Gerald has $50,000 income in 2021, (and considering both at-risk and passive activity loss rules), what is the amount of Gerald's suspended losses at the end of 2021? Suspended under the at-risk rules: $ 0 Suspended under the passive activity loss rules: $ 10,400 x What is his taxable income for 2021? $ 0 At the end of 2021, what is the amount of Gerald's adjusted basis in the activity? $ 200