49 Required information Problem 7-60 (LO 7-4) (Static) [The following information applies to the questions displayed below.) Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $15,000. In addition, Rubio's 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. Problem 7-60 Part-a (Static) a. How much of Rubio's $22,000 loss is allowed considering only the tax-basis loss limitations? Loss allowed as per tax basis loss limitation