ptax255
Level 7

Hello, 

I have an individual client with a K-1 from a trader hedge fund. The K-1 reports some interest/dividends/capital gains. In the supporting footnotes, there's a section about net taxable loss, which I see is a reduction to the basis. Would this loss be deductible in the individual return as ordinary loss? Nothing was reported on box 1. Thanks!

 
 

 

 

 

 

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