Rubio recently invested $31,500 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $23,050. In addition, Rubio's 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

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Q: b. How much of Rubio's $27,200 loss is allowed under the at-risk limitations?

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