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

Active income $43,000

Portfolio income $29,000

Passive income $(27,000)

What is the taxpayers 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?