Simon Is a 30% Owner (Member)of Real Properties R Us,LLC

Multiple Choice

Simon is a 30% owner (member) of Real Properties R Us,LLC (RPRU) .During the current tax year,RPRU reported a loss from rental real estate activities of ($150,000) which is treated as a passive loss.Simon is a material participant in RPRU.His modified AGI is $122,000.In addition,Simon has passive income from other sources of $15,000.Assuming Simon meets the basis and at risk limitations,what amount of the RPRU loss may Simon deduct under the passive loss rules?

A) $0.
B) $15,000.
C) $24,000.
D) $29,000.
E) $44,000.