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schedule E line 21, at-risk
I rent out my personal property. and notice there is saying " Subtract line 20 from line 3 (rents) and/or result is a (loss), see instructions to find out if you must file Form 6198".
what does "at-risk" mean? it means I am in the risk?
if the loss is actually every year because of the interest of mortgage and depreciation, Does IRS will think I am risky?
If the number less than 0 in line 21, Do I must fill form 6198? What does it mean? any affects happen for this "at-risk"?
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March 10, 2021
6:26 PM