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Dorothy acquired a 100% interest in two passive activities: Activity A in January 2017 and...

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Accounting

Dorothy acquired a 100% interest in two passive activities: Activity A in January 2017 and Activity B in 2018. Through 2020, Activity A was profitable, but it produced losses of $200,000 in 2021 and $100,000 in 2022. Dorothy has passive activity income from Activity B of $20,000 in 2021 and $40,000 in 2022. After offsetting passive activity income, how much of the net losses may she deduct? If an amount is zero, enter "0". In 2021, Dorothy

In 2021, Dorothy may deduct ?? of the net passive activity losses and has $? of passive activity losses suspended. In 2022, Dorothy may deduct ? of the net passive activity losses and has total suspended losses carried forward to 2023 of $ ????

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