Passive Losses, Non-Real Estate Activities, Real Estate Activities (LO. 5, 6, 7) A taxpayer has the following income (losses) for the current year: Active Income Portfolio Income Passive Income (Loss) $18,080 $33,840 $(37,750) What is the taxpayer's taxable income (loss) if ... a. The taxpayer is a publicly held corporation? A b. The taxpayer is a closely held corporation? C. The taxpayer is a single individual and the passive income is not from a rental activity? $ d. 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? e. 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