Larry recently invested $25,500 (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 $25,500. In addition, Larrys share of the limited partnership loss for the year is $2,275, his share of income from a different limited partnership is $1,110, and he has $3,550 of dividend income from the stock he owns. How much of Larrys $2,275 loss from the limited partnership can he deduct in the current year?