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WK 5 - Apply: Application Assignment (due Day 7 6 Help Save & Exit Submit 17 John, a limited partner of Candy Apple, LP, is

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WK 5 - Apply: Application Assignment (due Day 7 6 Help Save & Exit Submit 17 John, a limited partner of Candy Apple, LP, is allocated $22,000 of ordinary business loss from the partnership. Before the loss allocation, his tax basis is $17,000 and at-risk amount is $7,000. John also has ordinary business income of $17,000 from Sweet Pea, LP as a general partner and ordinary business income of $6,400 from Red Tomato, as a limited partner How much of the $22,000 loss from Candy Apple can John deduct currently? Skipped Multiple Choice O $6,400 O 57000 O $15,600 $22.000

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