In very simplified terms, you are at risk for the amount you invested. Publicly Traded Partnership? Treated as a corporation under IRC Section 7704?
Also, if there is a loss, you may not be able to deduct the loss because of passive activity rules.
Link to Pub 925...At risk limits begin on page 12
https://www.irs.gov/pub/irs-pdf/p925.pdf
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
