If a Partner's Share of Partnership Losses Exceeds Basis, the Excess

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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Definitions:

Dependence Training

An educational or familial process that encourages reliance on others in the social group, often contrasted with independence training.

Settled Ju/'hoansi

Refers to the transition of the Ju/'hoansi, a hunter-gatherer group, towards a more sedentary lifestyle.

Gender

A social and cultural construct that encompasses the behaviors, roles, expectations, and activities considered appropriate for men and women in any given society.

Cohabitations

The arrangement where two people live together in a romantic relationship without being married.