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$[$The following information applies to the questions displayed below.$]$

Rubio recently invested $$22,000($tax basis$)$ in purchasing a limited partnership interest in which he will have no management rights in the company. His at$-$risk amount is $$16,400.$ In addition, Rubio's share of the limited partnership loss for the year is $$24,600,$ his share of income from a different limited partnership is $$5,300,$ and he has $$42,000$ in wage income and $$11,000$ in long$-$term capital gains.

a$.$ How much of Rubio's $$24,600$ loss is allowed considering only the tax$-$basis loss limitations$?$

Loss allowed as per tax basis loss limitation

b$.$ How much of Rubio's $$24,600$ loss is allowed under the at$-$risk limitations$?$

Loss allowed as per at$-$risk limitation

Required information

$[$The following information applies to the questions displayed below.$]$

Rubio recently invested $$22,000($tax basis$)$ in purchasing a limited partnership interest in which he will have no management rights in the company. His at$-$risk amount is $$16,400.$ In addition, Rubio's share of the limited partnership loss for the year is $$24,600,$ his share of income from a different limited partnership is $$5,300,$ and he has $$42,000$ in wage income and $$11,000$ in long$-$term capital gains.

c$.$ How much of Rubio's $$24,600$ loss from the limited partnership can he deduct in the current year considering all limitations$?$

Deductible loss