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for a 1040, i have a 1065 k-1 where i have a beginning basis of -1000 and the current year loss is 500. am i

for a 1040, i have a 1065 k-1 where i have a beginning basis of -1000 and the current year loss is 500. am i able to take this loss or no since i have a negative begining basis/capital and why? is it related to at risk ir basis limits ? please explain

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