reporting minimum gain situation on partnership k-1

[hockeyguy]

When a real estate partnership with non recourse debt goes into a minimum gain situation in a year how are losses allocate and reported on k-1 as non deductible

[sjrcpa]

The Operating Agreement tells how to do the allocations.

What do you mean by report as nondeductible on K-1?

[hockeyguy]

It is my understanding that losses allocated to an LP in a year when a partnership is in a minimum gain situation is suspended and not currently deductible by the partner personally in that year  

[sjrcpa]

I'm not familiar with that.

Deductibility at the partner level is determined by at risk, basis, and passive loss rules.

[hockeyguy]

not solely when the partnership is in a minimum gain situation

[sjrcpa]

Correct.