This year L's share of losses from an investment in a partnership is $10,000.Any loss that is not deductible due to the at-risk limitations is carried forward and is deducted in future years to the extent she has amounts at-risk.

Question

Quizplus · Accepted Answer

This is true according to the at-risk rules for partnership investments. Any portion of a partnership loss that is not currently deductible due to the at-risk limitations is carried forward and deducted in future years to the extent that the taxpayer has amounts at-risk.

This Year L's Share of Losses from an Investment in a Partnership