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Investors & landlords
@paulap70 wrote:
.....since we have a loss, are we limited or is the entire loss to be taken in 2020?
The question involves whether the loss will be suspended (as a result of the passive activity loss rules).
If you materially participated in the partnership's business, then the loss passed through on your K-1(s) will not be suspended (i.e., it can be deducted against your other income).
‎December 2, 2020
8:22 AM