What is the amount of passive loss

Reference no: EM132718161

Question - Rus sell and Sharon are married and file a joint return. Their modified adjusted gross income i$78,000. Russell has losses of $18,000 from rental activities in which he participates actively. Sharon has $3000 loss from a limited partnership in which she does not materially participate. What is the amount of passive loss?

a. $3000

b. $7000

c. $15000

d. $18000

Reference no: EM132718161

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