Problem $11-44($L$.$O$.3,9)$

Leon sells his interest in a passive activity for $$100,000.$ Determine the tax effect of the sale based on each of the following independent facts:

If an amount is zero, enter $"0".$

a$.$ Adjusted basis in this investment is $$35,000.$ Losses from prior years that were not deductible due to the passive activity loss restrictions total $$40,000.$

The taxable gain $$ is $ $$ X $.$

The suspended losses at the end of the year are $ $.$

Feedteat

$"$ Check My Wok

When a taxpayer disposes of his or her entire interest in a passive activity, the actual economic gain or loss from the investment, including any suspended losses, can finally be determined.

b$.$ Adjusted basis in this investment is $$75,000.$ Losses from prior years that were not deductible due to the passive activity loss restrictions total $$40,000.$

The deductible loss $v$ is $s$ X$.$

The suspended losses at the end of the year are $ $.$

I need help with the two wrong that i missed