have to agree with the advice to seek professional help. depending on the activity there are different rules for determining at risk. for an individual or even a single-member LLC an at-risk limit would be highly unusual. for an S-Corp or Partnership (including a multimember LLC) the rules are completely different for each and at-risk limits are much more common. To complicate things basis and at-risk can be completely different. if the entity terminates, unless at-risk is positive before the suspended at-risk, those losses can never be used.
