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).