Multiple Choice $4-26$

Passive Loss Limitations $($LO $4\mathrm{.}8)$

Helen, a single taxpayer, has modified adjusted gross income $($before passive losses$)$ of $$126,000.$ During the tax year, Helen's rental house generated a loss of $$15,000.$ Assuming Helen is actively involved in the management of the property, what is the amount of Helen's passive loss deduction from the rental house?

a$.$ $$15,000$

b$.$ $$10,000$

c$.$ $$12,000$

d$.$ $$3,000$

e$.$ $$0$