Jack and Owen are married and filing a joint return. Their modified adjusted gross income is $90,000. Jack actively participates in a rental activity that resulted in a $13,000 loss. Owen, on the other hand, has $5,000 income from a limited partnership in which he doesn't materially participate. The majority of their income comes from wages. Determine the portion of the passive loss from the rental activity that can be utilized to reduce their income from wages. $0 $5,000 $8,000 $13,000