Any losses that exceed the tax basis of a partner in their partnership interest are suspended and carried forward for 20 years.
Excess losses are carried forward indefinitely until there is sufficient basis to utilize the losses.

Question

Quizplus · Accepted Answer

Excess losses are carried forward indefinitely until there is sufficient basis to utilize the losses, not for a specific period like 20 years.

Any Losses That Exceed the Tax Basis of a Partner