A taxpayer has the following income (losses) for the current year:

What is the taxpayer€™s taxable income (loss) if
a. The taxpayer is a single individual and the passive income is not from a rental activity?
b. The taxpayer is a single individual and the passive income results from a rental activity for which the taxpayer qualifies as a real estate professional?
c. The taxpayer is a single individual and the passive income results from a rental activity for which the taxpayer fails to qualify as a real estate professional but does meet the active participationtest?

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Active Income Portfolio Income Passive Income $43,000 $29,000 $(27,000)