Larry recently invested $25,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is also $25,000. In addition, Larrys share of the limited partnership loss for the year is $2,250, his share of income from a different limited partnership is $1,100, and he has $3,500 of dividend income from the stock he owns. How much of Larrys $2,250 loss from the limited partnership can he deduct in the current year?

Deductible loss: