Spencer Has an Ownership Interest in Three Passive Activities $\begin{array}{ll}\text { Partnership A } & \$ 20,000 \\\text { Partnership B } & \$(16,000) \\\text { Partnership C } & \$(12,000)\end{array}$

Multiple Choice

Spencer has an ownership interest in three passive activities.In the current tax year,the activities had the following income and losses: $\begin{array}{ll}\text { Partnership A } & \$ 20,000 \\\text { Partnership B } & \$(16,000) \\\text { Partnership C } & \$(12,000) \end{array}$ How much in passive losses can Spencer deduct?

A) $0.
B) $12,000.
C) $16,000.
D) $20,000.