What restrictions apply to a limited partnership loss?
A) It can be carried forward for 5 years, and back for 3 years, and can be used against any type of income.
B) It has an indefinite carry forward period, cannot be carried back, and can only be used against limited partnership income from the same limited partnership.
C) It can be carried forward indefinitely, and back for 3 years, and can only be used against limited partnership income from the same limited partnership.
D) It has an indefinite carry forward period, cannot be carried back, and can only be used against partnership income.
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