Form 6198 (At-Risk Limitations)
Who Should File Form 6198 (At-Risk Limitations)
At Risk Limitations
Form 6198 is filed by individuals (including filers of Schedules C, E, and F), estates, trusts, and certain closely held C corporations described in section 465(a)(1)(B), as modified by section 465(a)(3).
File Form 6198 if during the tax year you, a partnership in which you were a partner, or an S corporation in which you were a shareholder had any Amounts Not at Risk invested in an at-risk activity that incurred a loss.
For more information, see the Instructions for Form 6198 on the IRS Website.
Leave a comment?
0 Comments
Login
REGISTER WITH EMAIL