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Business & farm
Form 6198 shouldn't even be part of the return.
Form 6198 is for At-Risk losses, not Basis losses. At-Risk losses come AFTER Basis losses, so if you are limited by Basis, form 6198 should not be part of your tax return. I know Rick disagrees with this, but it is a fact that At-Risk comes AFTER Basis, so 6198 should not be filed.
TurboTax is severely deficient by not assisting you with Basis losses.
March 25, 2023
3:18 PM