No. The K-1 disallowed losses due to the At Risk limitation rules are not lost and can be carried over and may be deductible in future years. The term "At risk" means the exposure to the danger of economic loss. A person can claim a tax deduction in a limited partnership up to the amount he or she is at risk if the taxpayer can show it is at risk of never realizing a profit and of losing its initial investment
Interested in more Losses Questions?
- Can I claim a bad debt loss for salary that was not paid to me ?
- I know I can deduct $25,000 loss from my rental property if I have Active Participation . What is Active participation ?
- Is the reimbursement for the loss on the sale of my house due to my moving to a new job location taxable?
- Is the loss I incurred on the sale of my car deductible?
- Capital loss carryover - married filing separate filing status