If you have an investment in an entity taxed as a partnership, your losses may be limited by the "at-risk" and "basis-limitation" rules. In order to maximize loss deductions from this flow-thru entity, it is better to review your investment and risk structure before the losses occur.

If you have questions, contact Gail Iverson, CPA, at (770) 287-7800 or email giverson@rushtonandcompany.com. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!