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Rubio recently invested $31,500 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $23,050. In addition, Rubios share of the limited partnership loss for the year is $36,950, his share of income from a different limited partnership is $6,725, and he has $51,500 in wage income and $15,750 in long-term capital gains.

c. How much of Rubios $36,950 loss from the limited partnership can he deduct in the current year considering all limitations?