TaxGuyBill
Level 15
08-18-2023
12:52 PM
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@Avs19 wrote:
Just curious, in what situation would you do anything with form 6198?
That is used when there is enough 'regular' Basis to allow the loss, but you don't have enough "At-Risk" basis (such as due to Nonrecourse loans).
https://www.irs.gov/publications/p925#en_US_2022_publink1000104699