On January 1, 20X8, Jane contributed $24,000 of cash to the XYZ limited partnership for a 50 percent limited partnership interest. On April 6, 20X8, XYZ, limited partnership distributed $3,500 to Jane. For the year ended December 31, 20X8, Jane received the following income/loss allocations from her partnership investments: (1) XYZ, limited partnership allocated a $7,500 loss to Jane (2) ABC limited partnership allocated $3,150 of income to Jane. How much of the $7,500 loss from XYZ limited partnership can Janc deduct in 20X8? Show all calculations