Required information Problem 7-60 (LO 7-4) (Algo) [The following information applies to the questions displayed below.] Rubio recently invested $25,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $18,850. In addition, Rubio's share of the limited partnership loss for the year is $29,150, his share of income from a different limited partnership is $5,825, and he has $45,500 in wage income and $12,750 in long-term capital gains. Problem 7-60 Part-a (Algo) a. How much of Rubio's $29,150 loss is allowed considering only the tax-basis loss limitations