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John, a limited partner of Candy Apple, LP, is allocated $26,500 of ordinary business loss...

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Accounting

John, a limited partner of Candy Apple, LP, is allocated $26,500 of ordinary business loss from the partnership. Before the loss allocation, his tax basis is $18,500 and at-risk amount is $8,500. John also has ordinary business income of $18,500 from Sweet Pea, LP as a general partner and ordinary business income of $6,500 from Red Tomato, as a limited partner. How much of the $26,500 loss from Candy Apple can John deduct currently?

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