Flow-through taxation is more complex than the C corporation tax rules.Losses that flow through from S corporations, partnerships, and LLCstaxed as partnerships are deductible by the owners on their individual income tax returns. However, there are limitations as to how much loss can be deducted. They are the basis limitation, the at-risk limitation, and the passive loss limitation. Once these three limitations are considered, there's a NEW limitation starting in2018 with the new Tax Cuts and JobsAct of 2017.What does this mean to you?