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Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addition, Rubios share of the limited partnership

Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addition, Rubios share of the limited partnership loss for the year is $22,000, his share of income from a different limited partnership was $4,000, and he had $40,000 in wage income and $10,000 in long-term capital gains. How much of Rubios $22,000 loss from the limited partnership can he deduct in the current year considering all limitations?

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