PASSIVE ACTIVITY LOSS RULES: PUBLICLY TRADED
01.Core Concepts
PARTNERSHIP (PTP) LOSSES • Each PTP is segregated from all other passive investments and from all other PTPs. • A loss from one PTP cannot offset income from another PTP or passive investment. • A loss from another passive investment or PTP cannot offset the income from a PTP. • Losses are suspended until: • The PTP generates income, or • The PTP is disposed of