Billy owns several parcels of rental real estate, and he actively participates in managing the properties. His total loss from these activities in 2016 is $30,000 and his AGI for 2016 is $110,000. How much of the disallowed loss from rental real estate activities may be carried over to future years? a. 0% b. 10% c. 50% d. 100%

My answer is (c)50% is this correct?