Required information Skip to question [The following information applies to the questions displayed below.] Rubio recently invested $27,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $19,900. In addition, Rubio's share of the limited partnership loss for the year is $31,100, his share of income from a different limited partnership is $6,050, and he has $47,000 in wage income and $13,500 in long-term capital gains.

a. How much of Rubio's $31,100 loss is allowed considering only the tax-basis loss limitations?

b. How much of Rubio's $31,100 loss is allowed under the at-risk limitations?

c. How much of Rubio's $31,100 loss from the limited partnership can he deduct in the current year considering all limitations?