General Partner loss

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  • JoshinNC
    Senior Member
    • Feb 2006
    • 1180
    #1

    General Partner loss

    Client is GP in partnership. Partnership begins and ends in same taxable year. GP puts in +/- $15,000. Partnership passes through loss of $5000 to GP. Does GP take remaining $10,000 investment as Cap Loss?
    Tags: None
    • dsi
      Senior Member
      • Dec 2005
      • 705
      #2
      ST CL at that.............................
      Dave, EA

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        • JoshinNC
          Senior Member
          • Feb 2006
          • 1180
          #3
          that was my thinking

          Originally posted by dsi
          ST CL at that.............................
          thanks for the help!

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