Ilene Rents a Property for the Entire Year

Multiple Choice

Ilene rents a property for the entire year. During the year, Ilene reported a net loss of $15,000 from the rental. If Ilene is an active participant in the rental and her AGI is $140,000, how much of the loss can she deduct against ordinary income in the year?

A) $15,000.
B) $10,000.
C) $5,000.
D) $0.