a. How much of Rubio's $24,600 loss is allowed considering only the tax-basis loss limitations?...
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a How much of Rubio's $ loss is allowed considering only the taxbasis loss limitations Loss allowed as per tax basis loss limitation b How much of Rubio's $ loss is allowed under the atrisk limitations Loss allowed as per atrisk limitation c How much of Rubio's $ loss from the limited partnership can he deduct in the current year considering all limitations Deductible loss Required information The following information applies to the questions displayed below. Rubio recently invested $tax basis in purchasing a limited partnership interest in which he will have no management rights in the company. His atrisk amount is $ In addition, Rubio's share of the limited partnership loss for the year is $ his share of income from a different limited partnership is $ and he has $ in wage income and $ in longterm capital gains. 
a How much of Rubio's $ loss is allowed considering only the taxbasis loss limitations
Loss allowed as per tax basis loss limitation
b How much of Rubio's $ loss is allowed under the atrisk limitations
Loss allowed as per atrisk limitation
c How much of Rubio's $ loss from the limited partnership can he deduct in the current year considering all limitations
Deductible loss
Required information
The following information applies to the questions displayed below.
Rubio recently invested $tax basis in purchasing a limited partnership interest in which he will have no management rights in the company. His atrisk amount is $ In addition, Rubio's share of the limited partnership loss for the year is $ his share of income from a different limited partnership is $ and he has $ in wage income and $ in longterm capital gains.
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