No.
But what you may or may not understand is that with a regular passive activity, the K-1's can be used to offset other passive activities; example income from one passive activity can be offset by a passive loss from another K-1.
That is not the case for PTP's. Each PTP stands alone. So if you have losses, those losses will not be able to be used currently. The losses will be suspended until such time as the PTP begins to generate income. Only then will those PTP losses be able to be utilized.
*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.
