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Check my wo 2 Required information Part 1 of 3 [The following information applies to the questions displayed below. Rubio recently invested $32,000 (tax basis)
Check my wo 2 Required information Part 1 of 3 [The following information applies to the questions displayed below. Rubio recently invested $32,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $23,400 In addition, Rubio's share of the limited partnership loss for the year is $37,600, his share of income from a different limited partnership is $6,800, and he has $52,000 in wage income and $16,000 in long-term capital gains. 5.55 points Skipped eBook a. How much of Rubio's $37,600 loss is allowed considering only the tax-basis loss limitations? References Loss allowed as per tax basis loss limitation b. How much of the loss from part (a) is allowed under the at-risk limitations? Loss allowed as per at-risk limitation c.How much of Rubio's $37,600 loss from the limited partnership can he deduct in the current year considering all limitations? Deductible loss
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