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
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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.
