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PY suspended at-risk losses aren't showing up on my 6198 even though I'm 100% at-risk this year. I've entered them in the appropriate K-1 fields. Any thoughts on a fix?

 
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4 Replies

PY suspended at-risk losses aren't showing up on my 6198 even though I'm 100% at-risk this year. I've entered them in the appropriate K-1 fields. Any thoughts on a fix?

Anonymous
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PY suspended at-risk losses aren't showing up on my 6198 even though I'm 100% at-risk this year. I've entered them in the appropriate K-1 fields. Any thoughts on a fix?

is this a passive activity?  the reason I ask is that once you have basis, losses can be suspended if they are passive 

PY suspended at-risk losses aren't showing up on my 6198 even though I'm 100% at-risk this year. I've entered them in the appropriate K-1 fields. Any thoughts on a fix?

Check the link in the first response, @Anonymous 

PY suspended at-risk losses aren't showing up on my 6198 even though I'm 100% at-risk this year. I've entered them in the appropriate K-1 fields. Any thoughts on a fix?

Thanks for your reply.  This specific activity I'm running into this issue on is a non-passive activity.  The at-risk rules would first potentially limit the losses (on Form 6198) before applying the passive activity rules (on Form 8582).  However, in this case none of the income/losses from this activity will be reported on Form 8582 since it's non-passive. 

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