Required information [The following information applies to the questions displayed below.] Rubio recently invested $30,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $22,350. In addition, Rubio's share of the limited partnership loss for the year is $35,650, his share of income from a different limited partnership is $6,575, and he has $50,500 in wage income and $15,250 in long-term capital gains. b. How much of Rubio's $35,650 loss is allowed under the at-risk limitations? Required information [The following information applies to the questions displayed below.] Rubio recently invested $30,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $22,350. In addition, Rubio's share of the limited partnership loss for the year is $35,650, his share of income from a different limited partnership is $6,575, and he has $50,500 in wage income and $15,250 in long-term capital gains. a. How much of Rubio's $35,650 loss is allowed considering only the tax-basis loss limitations? Required information [The following information applies to the questions displayed below.] Rubio recently invested $30,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $22,350. In addition, Rubio's share of the limited partnership loss for the year is $35,650, his share of income from a different limited partnership is $6,575, and he has $50,500 in wage income and $15,250 in long-term capital gains. . How much of Rubio's $35,650 loss from the limited partnership can he deduct in the current year considering all limitations