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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 parthership interest in which he will have no management nights in the company. His at-risk amount is $16.750. in addition, Rubios share of the limited partnership 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. roblem 7-60 Part-c (Algo) How much of Rubio's $25,250 loss from the limited parthership can he deduct in the current year considering all limitations

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