Tina, an unmarried taxpayer, has $80,000 in salary, $10,000 in income from a limited partnership, and a $26,000 passive loss from a real estate rental activity in which she actively participates. Her modified adjusted gross income is $80,000. Of the $26,000 loss, how much is deductible?
a. $0.
b. $10,000.
c. $25,000.
d. $26,000.
e. Some other amount