Required information [The following information applies to the questions displayed below.] Alfonso began the year with a tax basis in his partnership interest of $43.000. His share of partnership liabilities at the beginning and end of the year consists of $10,000 of recourse liabilities and $7,000 of nonrecourse liabilities. During the year, he was allocated $61,000 of partnership ordinary business loss. Alfonso does not materially participate in this partnership, and he has $3.000 of passive income from other sources. a. How much of Alfonso's loss is limited by his tax basis? Required information [The following information applies to the questions displayed below.] Alfonso began the year with a tax basis in his partnership interest of $43,000. His share of partnership liabilities at the beginning and end of the year consists of $10,000 of recourse liabilities and $7,000 of nonrecourse liabilities. During the year, he was allocated $61,000 of partnership ordinary business loss. Alfonso does not materially participate in this partnership, and he has $3.000 of passive income from other sources. b. How much of Alfonso's loss is limited by his at-risk amount? Required information [The following information applies to the questions displayed below.] Alfonso began the year with a tax basis in his partnership interest of $43,000. His share of partnership liabilities at the beginning and end of the year consists of $10,000 of recourse liabilities and $7,000 of nonrecourse liabilities. During the year, he was allocated $61,000 of partnership ordinary business loss. Alfonso does not materially participate in this partnership, and he has $3,000 of passive income from other sources. c. How much of Alfonso's loss is limited by the passive activity loss rules