Rubio recently invested $25,500 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $18,850. In addition, Rubios share of the limited partnership loss for the year is $29,150, his share of income from a different limited partnership is $5,825, and he has $45,500 in wage income and $12,750 in long-term capital gains.

c. How much of Rubios $29,150 loss from the limited partnership can he deduct in the current year considering all limitations?