Five years ago Gerald invested $182,000 in a passive activity, his sole investment venture. On January 1, 2019, his amount at risk in the activity was $36,400. His shares of the income and losses were as follows: Year Income (Loss)
2018 ($54,600)
2019 (36,400)
2020 (56,400)

Gerald holds no suspended at-risk or passive activity losses at the beginning of 2018.

Required:
If losses were limited only by the at-risk rules, how much can Gerald deduct in 2018 and 2019?

Suppose that the u. s. dollars-mexican pesos exchange rate is fixed by the u. s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs. which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u. s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u. s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u. s. dollars.