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Get CA FTB Schedule K-1 (568) Instructions 2017

Amount reported on Schedule K 1 (568). Generally, the amount of loss and deduction you are allowed to claim is limited to your basis in the LLC and the amount for which you are considered at-risk. If you have losses, deductions, or credits from a passive activity, you also must apply the passive activity loss and credit rules. It is the member s responsibility to consider and apply any applicable limitations. See Instructions, Loss Limitations. You should also read the federal Schedule.

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