1. Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $15,500 from renting the home. His other sources of income during the year are a salary of $123,250 and $25,000 of long-term capital gains.

How much of Anwers $15,500 rental loss can he deduct currently if he has no sources of passive income?

2. Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addition, Rubios share of the limited partnership loss for the year is $22,000, his share of income from a different limited partnership is $5,000, and he has $40,000 in wage income and $10,000 in long-term capital gains.

2a. How much of Rubios $22,000 loss is allowed considering only the tax-basis loss limitations?

2b. How much of the loss from part (a) is allowed under the at-risk limitations?

Thanks.