Green, Inc., a closely held personal service corporation, has the following transactions in the current year: $100,000 of passive losses, $80,000 of active business income, and $20,000 of portfolio income.How much of the passive loss may Green use to offset other types of income this year?

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The Answer of Green, Inc., a closely held personal service corporation, has the following transactions in the current year: $100,000 of passive losses, $80,000 of active business income, and $20,000 of portfolio income.How much of the passive loss may Green use to offset other types of income this year?