On January 1, 20X8, Jill contributed $33,000 of cash to the XYZ limited partnership for a 25 percent limited partnership interest. On April 6, 20X8, XYZ, limited partnership distributed $3,500 to Jill. For the year ended December 31, 20X8, Jill received the following income/loss allocations from her partnership investments: (1) XYZ, limited partnership allocated a $4,750 loss to Jill (2) ABC limited partnership allocated $2,550 of income to Jill. How much of the $4,750 loss from XYZ limited partnership can Jill deduct in 20X8?