Basis is 0, no money at risk, yet TT insists on creating a 6198, no matter what it seems, including reporting allowed losses stemming from passive carryovers as income in 6198. Also, the only options to select in K-1 Part II (f) is ALL or some investment is at risk, not NO investment at risk. What gives? Tax year 2019.
Can disallowed losses due to basis limitation be reported on form 6198 for a passive s corp shareholder?
