David, I think you're referring to the passive loss rules
(Tax Reform Act 1986). And yes, passive losses can be
applied against passive gains. Furthermore, when you
completely sell a particular passive activity, those
'suspended' losses from that activity are released.

-Doug

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I have some suspended K-1 losses from an S-Corp due to
at-risk limitations. Can I apply these against gains from
another S-Corp to reduce my taxes from the second
corporation.

David

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >