Rubio recently invested $28,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $20,600. In addition, Rubios share of the limited partnership loss for the year is $32,400, his share of income from a different limited partnership is $6,200, and he has $48,000 in wage income and $14,000 in long-term capital gains.

a. How much of Rubios $32,400 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 $32,400 loss from the limited partnership can he deduct in the current year considering all limitations?