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Investors & landlords
here's a worksheet that you can use form 6198 is a form used to compute any at-risk limitation.
however, more simply, in general if you k-1 is prepared on the tax basis and your capital a/c is positive at the end of the year you're at-risk
only if your tax basis capital account is negative do you have to determine what liabilities can be added back to make the total positive meaning your at-risk
‎September 12, 2021
10:26 PM