! Required information [The following information applies to the questions displayed below.) Rubio recently invested $26,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $19,200. In addition, Rubio's share of the limited partnership loss for the year is $29,800, his share of income from a different limited partnership is $5,900, and he has $46,000 in wage income and $13,000 in long-term capital gains. a. How much of Rubio's $29,800 loss is allowed considering only the tax-basis loss limitations? Answer is complete but not entirely correct. Loss allowed as per tax basis loss $ 5,900X limitation b. How much of the loss from part (a) is allowed under the at-risk limitations? Loss allowed as per at-risk limitation c. How much of Rubio's $29,800 loss from the limited partnership can he deduct in the current year considering all limitations? Deductible loss