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Partnerships - Form 1065

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  4. Can my K-1 loss from my PTP offset other K-1 income?

Can my K-1 loss from my PTP offset other K-1 income?

NO. PTP (Publically Traded Partnership) losses can only be used to offset income from that specific PTP. It cannot be used to offset income from other PTPs or other K-1 entities.

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