Larry recently invested $24,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is also $24,500. In addition, Larry's share of the limited partnership loss for the year is $2,225, his share of income from a different limited partnership is $1,090, and he has $3.450 of dividend Income from the stock he owns. How much of Larry's $2,225 loss from the limited partnership can he deduct in the current year? Deductible loss Homework i Saved Larry recently Invested $24,500 (tax basis) in purchasing a limited partnership Interest in which he will have no management rights in the company. His at-risk amount is also $24,500. In addition, Larry's share of the limited partnership loss for the year is $2,225, his share of income from a different limited partnership is $1,090, and he has $3.450 of dividend Income from the stock he owns. How much of Larry's $2.225 loss from the limited partnership can he deduct in the current year? Deductible loss