Recognize the special treatment available to real estate activities. Noah, who has $62,000 of AGI before considering rental activities, has $70,000 of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has $33,000 of income. He has other passive income of $20,000. What amount of rental loss can Noah use to offset active or portfolio income in the current year