Larry recently invested $29,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is also $29,000. In addition, Larry's share of the limited partnership loss for the year is $2,450, his share of income from a different limited partnership is $1,180, and he has $3,900 of dividend income from the stock he owns. How much of Larry's $2,450 loss from the limited partnership can he deduct in the current year? Deductible loss