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Larry recently invested $26,000 (tax basis) in purchasing a limited partnershlp interest in which he will have no management rights in the company. His at-risk

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Larry recently invested \$26,000 (tax basis) in purchasing a limited partnershlp interest in which he will have no management rights in the company. His at-risk amount is also $26,000. In addition, Larry's share of the limited parthership loss for the yeat is $2,300, his share of income from a different limited partnership is $1,120, and he has $3,600 of dividend income from the stock he owns. How much of Larry's $2.300 loss from the limited partnership can he deduct in the current year

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