$32)$ Michelle is an active participant in the rental condominium property she owns. During the year, the property generates a $($$$20,000)$ loss; however, Michelle has sufficient tax basis and at$-$risk amounts to absorb the loss. If Michelle has $$125,000$ of salary, $$11,000$ of long$-$term capital gains, $$4,000$ of dividends, and no additional sources of income or deductions, how much loss can Michelle deduct?

A$)$ $$0$; losses from rental property are passive losses and can only be offset by passive income.

B$)$ $$15,000$

C$)$ $$5,000$

D$)$ $$20,000$

E$)$ None of the choices are correct.