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.

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The Answer of 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.