Rubio recently invested $25,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $18,500. In addition, Rubios share of the limited partnership loss for the year is $28,500, his share of income from a different limited partnership is $5,750, and he has $45,000 in wage income and $12,500 in long-term capital gains.

a. How much of Rubios $28,500 loss is allowed considering only the tax-basis loss limitations?

b. How much of the loss from part (a) is allowed under the at-risk limitations?

c. How much of Rubios $28,500 loss from the limited partnership can he deduct in the current year considering all limitations?