Partnership losses that are not used because a partner's basis in the partnership interest is zero may not be carried forward and are lost by the partner.

Name: Partnership losses that are not used because a partner's basis in the partnership interest is zero may not be carried forward and are lost by the partner.
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Question

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Unused partnership losses can be carried forward indefinitely until the partner has sufficient basis to utilize them.

Partnership Losses That Are Not Used Because a Partner's Basis