topic 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? in Investors & landlords

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?

tfstss — Sun, 11 Aug 2019 15:41:04 GMT

Re: 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_ — Sun, 11 Aug 2019 16:47:33 GMT

See https://ttlc.intuit.com/community/business-taxes/discussion/re-i-own-several-partnership-investments-that-use-non-recourse-debt-to-finance-part-of-their/01/839735#M32626

Re: 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 — Sun, 11 Aug 2019 18:57:48 GMT

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

Re: 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_ — Sun, 11 Aug 2019 19:01:34 GMT

Check the link in the first response, @Anonymous

Re: 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?

tfstss — Sun, 11 Aug 2019 21:12:27 GMT

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.