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  3. Study Set
    Principles of Taxation
  4. Exam
    Exam 10: Sole Proprietorships, Partnerships, Llcs, and S Corporations
  5. Question
    If a Partner's Share of Partnership Losses Exceeds Basis, the Excess
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If a Partner's Share of Partnership Losses Exceeds Basis, the Excess

Question 32

Question 32

True/False

If a partner's share of partnership losses exceeds basis, the excess is not deductible in the current year and cannot be carried forward for deduction in the future.

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