Problem 11-44 (Algorithmic) (LO. 3,9) Leon sells his interest in a passive activity for $159,000. 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 $55,650. Losses from prior years that were not deductible due to the passive activity loss restrictions total $61,215. The is The suspended losses at the end of the year are $ b. Assume the same sales price but the adjusted basis in this investment is $119,250. Losses from prior years that were not deductible due to the passive activity loss restrictions total $61,215. The is $ The suspended losses at the end of the year are s C. Assume the same sales price but the adjusted basis in this investment is $119,250. Losses from prior years that were not deductible due to the passive activity loss restrictions total $61,215. In addition, suspended credits total $15,900. The is $ The suspended losses at the end of the year are