DLE
Level 3

Business & farm

Your latest questions are tax code related and not TT specific.  If you don't understand passive/active losses and limits, and how partnership income/expense is reported on a 1065 and flows down to members through a K-1, you REALLY  should hire a tax attorney and CPA to help you.  After a year or two, you should understand well enough to once again do your own taxes.

 

But in the meantime, have you entered ALL k-1's?  You might have other partnerships that actually made passive $ and your loss should offset some of this $.