Problem: Jay has a tax basis of $26,000 in his partnership interest at the beginning of the partnership tax year. The following amounts of partnership debt were allocated to Jay and are included in his beginning-of-the-year tax basis: (1) recourse debt- $15,000, (2) qualified nonrecourse debt-$3,000, and (3) nonrecourse debt-$1,700. There were no changes to the debt allocated to Jay during the tax year. If Jay is allocated a $29,000 loss for the current year, how much of the loss will be suspended under the tax basis and at-risk limitations?