Pablo, Who Is Single, Has $95,000 of Salary, $10,000 of Income

question 98

Multiple Choice

Pablo, who is single, has $95,000 of salary, $10,000 of income from a limited partnership, and a $27,000 passive activity loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $95,000. Of the $27,000 loss, how much is deductible?

• A) $0
• B) $10,000
• C) $25,000
• D) $27,000
• E) None of the above

---

Definitions:

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the fetus while removing waste products.

Pregnancy

The condition or period of being pregnant, in which a fetus develops inside a woman's uterus.

Fetal Activity Levels

Refers to the varying degrees of movement and responsiveness exhibited by a fetus, often monitored to assess health and development.

Lethargic Fetus

A term not commonly used in medical or psychological literature; possibly refers to reduced fetal activity or alertness, usually requiring medical assessment.