Michelle is an active participant in the rental condominium property she owns. During the year, the property generates a ($20,000) loss; however, Michelle has sufficient tax basis and at-risk amounts to absorb the loss. If Michelle has $125,000 of salary, $11,000 of long-term capital gains, $4,000 of lividends, and no additional sources of income or deductions, how much loss can Michelle deduct? Multiple Cholce Zero; losses from rental property are passive losses and can only be offset by passive income. $15,000 $5,000. $20,000. None of the cholces are correct