As of 12/31/18, I have $2,000 of basis remaining in a partnership investment. I received a $20,000 cash distribution from the partnership in 2019. I understand that I have to pay capital gains tax on $18,000 ($20,000 cash received less $2,000 of basis) due to the distribution being in excess of my partnership basis, but what I'm wondering is this. The K-1 also includes $5,000 of capital loss. As I have no basis remaining, I assume I cannot take the capital loss - but can I "suspend" it for future use? If so, how do I do that? or do I just lose it?
