Problem 4-11 (Algorithmic) Passive Loss Limitations (LO 4.8) Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1992. He also acquired a rental house in 2018, which he actively manages. During 2018, Walter's share of the partnership's losses was $17,500, and his rental house generated $42,500 in losses. Walter's modified adjusted gross income before passive losses is $123,000. If an amount is zero, enter "0". a. Calculate the amount of Walter's allowable deduction for rental house activities for 2018