20 D, age 60, is a practicing accountant. Over the years, he has become heavily involved in numerous investment deals with his clients, primarily apartment rentals. This year, he has been spent 900 hours on the rentals and 800 hours on his accounting practice. Unfortunately, these efforts have not paid off and he has substantial losses from his rental properties for the year. D has no passive income and his adjusted gross income for the year if $300,000. D did not sell any of the properties during the year. Which of the following statements concerning the passive loss rules is true? OD's losses from his rental activities will be considered passive regardless of the amount of his participation. O Under the relief provisions provided for investors in residential real estate, D will be able to deduct a maximum of $25,000 of losses from his rental real estate activities assuming he actively participates. O Even if D does not sell any of his rental real estate interests, he still may be able to deduct all of the losses from his rental real estate activities as a real estate professional. O Only if he sells his rental real estate interests will he be able to deduct all of his losses from the rental real estate activities