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Larry recently invested $30,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk

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Larry recently invested $30,500 (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 $30,500 in addition, Larry's share of the limited partnership loss for the year is $2,525, his share of income from a different limted partnership is $1,210, and he has $4,050 of dividend income from the stock he owns. How much of Larry's $2,525 loss from the limited partnership can he deduct in the current year

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