Orange Corporation, a closely held corporation (not a PSC), had $60,000 of active income, $90,000 of portfolio income, and a $150,000 passive loss during the year.How much of the passive loss is deductible?
A)$0.
B)$60,000.
C)$90,000.
D)$150,000.
E)None of the above.

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The Answer of Orange Corporation, a closely held corporation (not a PSC), had $60,000 of active income, $90,000 of portfolio income, and a $150,000 passive loss during the year.How much of the passive loss is deductible?
A)$0.
B)$60,000.
C)$90,000.
D)$150,000.
E)None of the above.

Orange Corporation, a Closely Held Corporation (Not a PSC), Had