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8. (TCO G) Mike, who is single, has $100,000 of salary, $15,000 of income from...

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Accounting

8. (TCO G) Mike, who is single, has $100,000 of salary, $15,000 of income from a limited partnership, and a $30,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $100,000. Of the $30,000 loss, how much is deductible?

$30,000 $10,000 $25,000 $0

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