Required information The following information applies to the questions displayed below. Rubio recently invested $24,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $17,800. In addition, Rubio's share of the limited partnership loss for the year is $27,200, his share of income from a different limited partnership is $5,600, and he has $44,000 in wage income and $12,000 in long-term capital gains. a. How much of Rubio's $27,200 loss is allowed considering only the tax-basis loss limitations? Loss allowed as per tax basis loss limitation CD Prev 14 15 16 of 17 Next > Required information [The following information applies to the questions displayed below. Rubio recently invested $24,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $17,800. In addition, Rubio's share of the limited partnership loss for the year is $27.200, his share of income from a different limited partnership is $5,600, and he has $44,000 in wage income and $12,000 in long-term capital gains. b. How much of the loss from part (a) is allowed under the at-risk limitations? Loss allowed as per at-risk limitation CD KPrev 15 16 of 17 Next > Required information [The following information applies to the questions displayed below. Rubio recently invested $24,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $17,800. In addition, Rubio's share of the limited partnership loss for the year is $27,200, his share of income from a different limited partnership is $5,600, and he has $44,000 in wage income and $12,000 in long-term capital gains. c. How much of Rubio's $27,200 loss from the limited partnership can he deduct in the current year considering all limitations? Deductible loss K Prev 16 of 17 Next