Rubio recently invested $26,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $19,550. In addition, Rubios share of the limited partnership loss for the year is $30,450, his share of income from a different limited partnership is $5,975, and he has $46,500 in wage income and $13,250 in long-term capital gains.

a. How much of Rubios $30,450 loss is allowed considering only the tax-basis loss limitations?