Treatment of K-1 Loss

[Connor Donovan]

Hey BP, 

With the forum flooded with tax questions I thought I'd throw one more into the mix. 

I have a $15,000 K-1 loss from an LLC that my partner and I actively run due to a few BRRRs with limited rental income. At the moment I'm only realizing a small fraction of this loss on my personal return because my W-2 income is close to the upper MAGI limitation per page 5 of
the 2019 Partner's Instructions for Schedule K-1 (Form 1065). 

I'm wondering if there is anything I can do to avoid "wasting" this $15k loss. Is there a way to realize more this year or spread it out over subsequent years? Any guidance is greatly appreciated!