Michelle is an active participant in the rental condominium property that she owns. During the year, the property generates a loss ($25,000); however, Michelle has sufficient tax base and amounts at risk to absorb the loss. 

If Michelle has $130,000 in salary, $12,000 in long-term capital gains, $5,000 in dividends, and no additional sources of income or deductions, how much loss can Michelle deduct?