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In 2020, Derek invested $100,000 as a limited partner in a ABC Limited Partnership. Derek's...

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Accounting

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In 2020, Derek invested $100,000 as a limited partner in a ABC Limited Partnership. Derek's share of ABC LP's deductible loss for 2020 was $9,249. Due to the passive activity loss limitations, Derek was only permitted to deduct $6,000 of these passive losses from ABC LP in 2020. In 2021, Derek's share of income from ABC LP was $11,656. Derek also had salary income of $100,000 and portfolio income of $5. What amount, if any, of passive activity losses can Derek deduct in 2021? Enter your answer as a positive number

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