If your adjusted gross income is $129,000 (under $150,000) you would generally get some benefit from those rental losses. However, there are other limitations on rental (passive) losses which determine if/when you can deduct them.
If you have other passive income, any deductible passive losses would first offset that income, before generating an offset for your ordinary income.
If you do not have a sufficient "basis" in the partnership, your losses may be suspended and carried forward.
Here is a link to more information on partnership basis calculations: Basis of Partner's Interest.
If you are not sure if any of these instances occurred, I encourage you to upgrade to the LIVE Product, so that you can have a LIVE CPA or EA log in and take a look at your return with you to determine what happened to those losses.
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