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Business & farm
@Mike9241 wrote:there should be a question asking if some investment in the partnership is not at risk which should be checked yes. then you need to compltet form 6198 which will limit the loss to the at-risk amount
Basis is NOT the same as At Risk, and Form 6198 should not be filed if it is limited due to Basis.
‎August 30, 2022
10:40 AM