Thomas is an active participant in the rental condominium property he owns. During the year, the property generates a $15,000 loss. If Thomas has $120,000 of salary, $5,000 of long-term capital gains, $6,000 of dividends, and no additional sources of income or deductions, how much loss can Thomas deduct? Assume that Thomas has sufficient tax basis and at-risk basis to absorb the loss.

a.$25,000

b.$15,000

c.$9,500

d.$0