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Required information [The following information applies to the questions displayed below.) Rubio recently invested $22.000 (tax basis) in purchasing a limited partnership interest. His at-risk

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Required information [The following information applies to the questions displayed below.) Rubio recently invested $22.000 (tax basis) in purchasing a limited partnership interest. 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 Required information [The following information applies to the questions displayed below) Rubio recently invested $22,000 (tax basis) in purchasing a limited partnership interest. 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. b. How much of the loss from part (a) 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. 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

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