Jasper invested $20,000 for a 30% interest in a nonpublicly traded limited partnership. Jasper is not a material participant. The partnership has a loss this year, and Jasper's share is $30,000. This is the only nonpublicly traded limited partnership Jasper owns an interest in, but he did have portfolio income of $9,000 in the same year, in addition to his salary of $150,000. How much of the loss can Jasper deduct this year?

A)

$9,000

B)

$20,000

C)

$0

D)

$10,000