17 art 3 of 3 ints ellook Print eferences Required information Problem 7-60 (LO 7-4) (Algo) [The following information applies to the questions displayed below) Rublo recently invested $25,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $18,500. In addition, Rubio's share of the limited partnership loss for the year is $28,500, his share of income from a different limited partnership is $5,750, and he has $45,000 in wage income and $12,500 in long-term capital gains Problem 7-60 Part-c (Algo) c. How much of Rubio's $28,500 loss from the limited partnership can he deduct in the current year considering all limitations? Deductible loss