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Problem $6-36($LO $6-2)($Algo$)$

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Rubio recently invested $$32,000($tax basis$)$ in purchasing a limited partnership interest in which he will have no management rights in the company. His at$-$risk amount is $$23,400.$ In addition, Rubio's share of the limited partnership loss for the year is $$37,600,$ his share of income from a different limited partnership is $$6,800,$ and he has $$52,000$ in wage income and $$16,000$ in long$-$term capital gains.

Problem $6-36$ Part$-$a $($Algo$)$

a$.$ How much of Rubio's $$37,600$ loss is allowed considering only the tax$-$basis loss limitations$?$