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Required information Problem 7-60 (LO 7-4) (Algo) [The following information applies to the questions displayed below] Rubio recently invested $22,500 (tax basis) in purchasing a

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Required information Problem 7-60 (LO 7-4) (Algo) [The following information applies to the questions displayed below] Rubio recently invested $22,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $16,750. In addition, Rubio's share of the limited parthership loss for the year is $25,250, his share of income from a different limited partnership is $5,375, and he has $42,500 in wage income and \$11,250 in long-term capital gains. Problem 7.60 Part-b (Algo) b. How much of Rubio's $25.250 loss is allowed under the at-risk limitations

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