Passive Losses, Non-Real Estate Activities, Real Estate Activities (LO. 5, 6, 7) A taxpayer has the following income (losses) for the current year: Passive Income (Loss) Active Income $18,170 Portfolio Income $31,700 $(34,800) What is the taxpayer's taxable income (loss) if ... a. b. $ C. $ d. The taxpayer is a publicly held corporation? The taxpayer is a closely held corporation? The taxpayer is a single individual and the passive income is not from a rental activity? The taxpayer is a single individual and the passive income is the result of a rental activity for which the taxpayer is a qualified real estate professional? The taxpayer is a single individual and the passive income is the result of a rental activity for which the taxpayer fails to qualify as a real estate professional but does meet the active participation test? e