Can K1 losses be carried forward?

[Seidy Lasker]

If someone had an S-corp with K1 losses but the losses were too much to cover their W2 income, can this be carried forward OR is it better if they claimed less in bonus depreciation to spread their S-corp losses in future years?

[Greg Scott]

Generally, K1 losses can be carried forward to offset future passive income.  Whether or not it makes sense for you to take bonus depreciation depends on a number of factors.   The biggest is how much you can use the deductions and the next most important factor is the holding period.  It makes very little sense to take bonus depreciation on a short-term hold while it makes more sense on a long-term hold.