Form 6198 (At-Risk Limitations)

Article ID: 58753  

Question
Who Should File Form 6198 (At-Risk Limitations)

Answer
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.


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Views: 2381 Created on: Jun 15, 2013