Steve, a single taxpayer, had a loss of $$48,000$ from a rental real estate activity $($he owned a greater than $10\%$ interest$)$ in which he actively participated. He also had $$27,000$ of income from another rental real estate activity in which he actively participated. He acquired both investments in the current year. If Steve has no other passive income or losses and has adjusted gross income of $$125,000$ before considering passive activities, what will his AGI be after considering his passive activities?

A$)$ $$125,000$

B$)$ $$104,000$

$(48,000)$

C$)$ $$97,500$

D$)$ $$112,500$