K-1 Deduction from Syndication Not Reducing Liability - Why?

[ckolk12]

I started syndicating in late 2022. Received the K-1 showing a $50K loss. I do taxes myself and use TT. I'm trying to understand why this passive loss isn't reducing other passive gains (dividends / interest), and therefore reducing overall tax liability. I'm sure there is a reason, but can't pinpoint anything specific via research. Secondarily, does this loss carry forward indefinitely until it is all used?

[The White Coat Investor]

Partnership losses don't offset dividends and interest, they offset partnership gains. Just like capital losses don't offset qualified dividends. And yes, it all carries forward.