John, a limited partner of Candy Apple, LP, is allocated $31,500 of ordinary business loss from the partnership. Before the loss allocation, his tax basis is $21,500 and at-risk amount is $11,500. John also has ordinary business income of $21,500 from Sweet Pea, LP as a general partner and ordinary business income of $8,100 from Red Tomato, as a limited partner. How much of the $31,500 loss from Candy Apple can John deduct currently?

John, a limited partner of Candy Apple, LP, is allocated $31,500 of ordinary business loss from the partnership. Before he loss allocation, his tax basis is $21,500 and at-risk amount is $11,500. John also has ordinary business income of $21,500 from Sweet Pea, LP as a general partner and ordinary business income of $8,100 from Red Tomato, as a limited partner. How much of the $31,500 loss from Candy Apple can John deduct currently? Multiple Choice $11,500. $23,400 $31,500. $8,100