Question: Julian will use the single filing status when he files his 2 0 2 3 return. His modified adjusted gross income is $ 9 0

Julian will use the single filing status when he files his 2023 return. His modified adjusted gross income is $90,000. This includes a $6,000 gain from a limited partnership and $84,000 of income from wages. While Julian invested in the partnership, he is not involved in the day-to-day activities of the business.
Julian also incurred a loss of $10,000 from a rental real estate activity. Although he actively participates in the activity, he is not a real estate professional.
What is the net amount of passive activity losses from these activities that Julian may claim on his 2023 return?
$0
$3,000
$4,000
$10,000

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