You just need to make sure that this amount is included in your current year K-1 activity as a deduction when reviewing your TT detail.
This is a current year "deduction", however, there are many unanswered questions; are you a material participant, passive, do you have basis, etc.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
