Follow up response:
- The only other item that may be limiting the loss is if you have indicated that you are not a material participant
- If you are a general partner, are at-risk, and are a material participant, then TT should not be limiting any loss and income level would not impact the loss limitation based on your facts.
- Just check the wording on the "at-risk" question to make sure it is answered correctly.
- You don't indicate what method of TT you are using. If downloading the software, just make sure you have the latest version.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
