@Rick19744 Thanks for this info. I understand Form 6198 is implemented at the shareholder level, perhaps my other post wasn't clear.
In my case I don't have ANY amount at risk (0 basis), so even while the 6198 instructions say "...had any amounts not at risk," I wonder if that incudes NO amounts at risk. My CPA prepared return did not use form 6198, but attached a shareholder basis worksheet including allowed and disallowed loss carryforwards. I could do the same, but of course this this will be tracked and computed outside of TT, which introduces more possibility of error.
If I were to go ahead with this route, what are the mechanics for inputting and notating the offset income? I haven't seen those questions in the K-1 interview process. Would it be acceptable to track these dissallowed losses in the At Risk Wks - S and make sure To note the 0 basis so none of the losses are deducted, at least until basis is created from future income?
