Janine Is an Engineering Professor at Southern College

Janine is an engineering professor at Southern College. Her annual salary is $110,000. She owns two 3-unit apartment buildings near the university. Because of the proximity to campus, Janine actively manages the property. During the current year, the rental of the property produced a $29,500 loss. How much of the loss may Janine deduct for the current year?

A) $- 0 -
B) $14,750
C) $20,000
D) $25,000
E) $29,500