Michelle is an active participant in the rental condominium property she owns. During the year, the property generates a ($16,000) loss; however, Michelle has sufficient tax basis and at-risk amounts to absorb the loss. If Michelle has $117,000 of salary, $10,200 of long- term capital gains, $3,200 of dividends, and no additional sources of income or deductions, how much loss can Michelle deduct? Multiple Choice O O $0; losses from rental property are passive losses and can only be offset by passive income. $6,200. $9,800