Problem 11-54 (LO. 3, 5, 8) This year Maria works 1,200 hours as a computer consultant, 320 hours in a real estate development business, and 400 hours in real estate rental activities. Juan, her spouse, works 250 hours in the real estate development business and 180 hours in the real estate rental business. Maria earns $60,000 as a computer consultant, and she and Juan lost $18,000 in the real estate development business and $26,000 in the real estate rental business. How should they treat the losses? a. Maria's and Juan's hours of participation participation. Thus, Maria be aggregated for purposes of the 500-hour test for material as a material participant in her real estate development business and the $18,000 loss is b. In the case of the rental loss, Maria's and Juan's hours of participation be aggregated for purposes of the real estate professionals exception. Therefore, the more than 750-hour requirement of such exception satisfied and the $26,000 rental loss is c. Can any amount be deducted under the exception for real estate rental property? of the $26,000 real estate rental passive activity loss generated, $ can be deducted under the exception for real estate rental property