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Federal Free Printable Form 6198 (Rev. December 2020) for 2021 Federal At-Risk Limitations

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At-Risk Limitations
Form 6198 (Rev. December 2020)

Form 6198 At-Risk Limitations (Rev. December 2020) Department of the Treasury Internal Revenue Service Name(s) shown on return ▶ Go OMB No. 1545-0712 ▶ Attach to your tax return. to www.irs.gov/Form6198 for instructions and the latest information. Attachment Sequence No. 31 Identifying number Description of activity (see instructions) Part I Current Year Profit (Loss) From the Activity, Including Prior Year Nondeductible Amounts. See instructions. 1 2 Ordinary income (loss) from the activity (see instructions) . . . . . . . . . . . . . . . Gain (loss) from the sale or other disposition of assets used in the activity (or of your interest in the activity) that you are reporting on: a Schedule D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Other form or schedule . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Other income and gains from the activity, from Schedule K-1 (Form 1065) or Schedule K-1 (Form 1120-S), that were not included on lines 1 through 2c . . . . . . . . . . . . . . . . 4 Other deductions and losses from the activity, including investment interest expense allowed from Form 4952, that were not included on lines 1 through 2c . . . . . . . . . . . . . . . 5 Current year profit (loss) from the activity. Combine lines 1 through 4. See the instructions before completing the rest of this form . . . . . . . . . . . . . . . . . . . . . . . Part II 2a 2b 2c 3 4 ( ) 5 Simplified Computation of Amount at Risk. See the instructions before completing this part. 6 Adjusted basis (as defined in section 1011) in the activity (or in your interest in day of the tax year. Do not enter less than zero . . . . . . . . . . 7 Increases for the tax year (see instructions) . . . . . . . . . . . . 8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . 9 Decreases for the tax year (see instructions) . . . . . . . . . . . 10a Subtract line 9 from line 8 . . . . . . . . . . . . . . . . ▶ b If line 10a is more than zero, enter that amount here and go to line 20 Otherwise, enter -0- and see Pub. 925 for information on the recapture rules Part III 1 the activity) on the first . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10a (or complete Part III). . . . . . . . . 6 7 8 9 10b Detailed Computation of Amount at Risk. If you completed Part III of Form 6198 for the prior year, see the instructions. 11 Investment in the activity (or in your interest in the activity) at the effective date. Do not enter less than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Increases at effective date . . . . . . . . . . . . . . . . . . . . . . . . . 13 Add lines 11 and 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Decreases at effective date . . . . . . . . . . . . . . . . . . . . . . . . . 15 Amount at risk (check box that applies): a At effective date. Subtract line 14 from line 13. Do not enter less than zero. b From your prior year Form 6198, line 19b. Do not enter the amount from line 10b of your prior year form. 16 Increases since (check box that applies): a Effective date b The end of your prior year . . . . . . . . . . . . . . . . 17 Add lines 15 and 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Decreases since (check box that applies): a Effective date b The end of your prior year . . . . . . . . . . . . . . . . 19a Subtract line 18 from line 17 . . . . . . . . . . . . . . . ▶ 19a b If line 19a is more than zero, enter that amount here and go to line 20. Otherwise, enter -0- and see Pub. 925 for information on the recapture rules . . . . . . . . . . . . . . . . . . } Part IV 20 21 11 12 13 14 15 16 17 18 19b Deductible Loss Amount at risk. Enter the larger of line 10b or line 19b . . . . . . . . . . . . . . . Deductible loss. Enter the smaller of the line 5 loss (treated as a positive number) or line 20. See the instructions to find out how to report any deductible loss and any carryover . . . . . . . . . 20 21 ( ) Note: If the loss is from a passive activity, see the Instructions for Form 8582, Passive Activity Loss Limitations, or the Instructions for Form 8810, Corporate Passive Activity Loss and Credit Limitations, to find out if the loss is allowed under the passive activity rules. If only part of the loss is subject to the passive activity loss rules, report only that part on Form 8582 or Form 8810, whichever applies. For Paperwork Reduction Act Notice, see the Instructions for Form 6198. Cat. No. 50012Y Form 6198 (Rev. 12-2020)
Extracted from PDF file 2020-federal-form-6198.pdf, last modified December 2020

More about the Federal Form 6198 Other TY 2020

We last updated the At-Risk Limitations in January 2021, so this is the latest version of Form 6198, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 6198 directly from TaxFormFinder. You can print other Federal tax forms here.

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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 6198 from the Internal Revenue Service in January 2021.

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Historical Past-Year Versions of Federal Form 6198

We have a total of eight past-year versions of Form 6198 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form 6198

Form 6198 (Rev. December 2020)

2019 Form 6198

Form 6198 (Rev. November 2009)

2018 Form 6198

Form 6198 (Rev. November 2009)

2017 Form 6198

Form 6198 (Rev. November 2009)

2016 Form 6198

Form 6198 (Rev. November 2009)

At-Risk Limitations 2015 Form 6198

Form 6198 (Rev. November 2009)

At-Risk Limitations 2012 Form 6198

Form 6198 (Rev. November 2009)

At-Risk Limitations 2011 Form 6198

Form 6198 (Rev. November 2009)


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