Question 66 of 75. Russell and Shannon are married and file a joint return. Their modified adjusted gross income is $79,000. Russell has losses of $18,000 from rental activities in which he actively participates. Shannon has a $3,000 loss from a limited partnership in which she does not materially participate. What is the amount of their allowable passive loss? $3,000? O $7,000 O $15,000 O $18,000