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

a. How much of Eduardos $22,000 loss can he deduct considering only the tax basis limitation?

b. How much of the loss from part a. can Eduardo deduct under the at-risk limitations?

c. How much of Eduardos $22,000 loss from the limited partnership can he deduct in the

current year considering all limitations?