C please

Required information Problem 7.60 (LO 7-4) (Algo) [The following information applies to the questions displayed below] Rubio recently invested $30,000 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is $22,000. In addition, Rubio's share of the limited partnership loss for the year is $35,000, his share of income from a different limited partnership is $6,500, and he has $50,000 in wage income and $15,000 in long-term capital gains. Problem 7.60 Part-c (Algo) c. How much of Rubio's $35,000 loss from the limited partnership can he deduct in the current year considering all limitations