Question: Multiple Choice Question Losses from a partnership that exceed the partner's basis: can be carried back two years and forward twenty are lost forever are

Multiple Choice Question
Losses from a partnership that exceed the partner's basis:
can be carried back two years and forward twenty
are lost forever
are suspended and carried forward until sufficient basis is created
are considered deductible to the extent of passive income
Multiple Choice Question Losses from a partnership that exceed the partner's

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