Joe Buckner has the following items: Current-year passive income and loss amounts: $6,000 income from ABC limited partnership (publicly traded) ($3,000) loss from CHI limited partnership (publicly traded) $12,000 income from JKL limited partnership (nonpublicly traded) ($14,000) loss from RST limited partnership (nonpublicly traded) What is the total amount of passive losses that may be deducted during the current year?

Selected Answer:

($17,000)