Israel, who is single, has $95,000 of salary, $30,000 of income from a limited partnership, and a $47,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $95,000. Of the $47,000 loss, how much is deductible? a. $-0-. b. $20,000. c. $25,000. d. $47,000. e. None of the above.