H owns an apartment complex of 30 units. One of his tenants manages the property in exchange for use of an apartment rent free. H makes all of the major decisions regarding the units and is in regular contact with his manager. This year, the complex generated a loss of $35,000. Assuming Hs A.G.I. is $120,000, H may deduct a. none of the loss. b. $25,000 and carryover $10,000 of the loss. c. $15,000 and carryover $20,000 of the loss. d. $15,000 and carryover $10,000 of the loss. e. none of the above.