Required information Problem 7-60 (LO 7-4) (Algo) [The following information applies to the questions displayed below.] Rubio recently invested $29,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $21,300. In addition, Rubio's share of the limited partnership loss for the year is $33,700, his share of income from a different limited partnership is $6,350, and he has $49,000 in wage income and $14,500 in long-term capital gains. Problem 7-60 Part-a (Algo) a. How much of Rubio's $33,700 loss is allowed considering only the tax-basis loss limitations? Loss allowed as per tax basis loss limitation