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 shore 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.