A partner can generally apply passive activity losses against passive activity income for the year.

Name: A partner can generally apply passive activity losses against passive activity income for the year.
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According to IRS rules, partners can generally apply passive activity losses against passive activity income for the year. However, there are certain limitations and rules about how these losses can be deducted, so it is important to consult a tax professional for guidance.

A Partner Can Generally Apply Passive Activity Losses Against Passive