How do I generate Form 6198 in an Individual Tax Return using worksheet view?
This video provides a walk-through for applying at-risk limitations to a K-1 pass-through activity and shows you how to see the calculations in a 1040 return.
If the at-risk input is tied to a Schedule E rental, complete the following:
If the at-risk input is tied to a Schedule C, complete the following:
If the at-risk input is tied to a partnership passthrough, complete the following:
If the at-risk input is tied to a s-corporation passthrough, complete the following:
If the at-risk input is tied to a Schedule F or Form 4835, complete the following:
If the at-risk input is tied to a Schedule E rental, complete the following:
- Go to Income/Deductions > Rent and Royalty worksheet.
- In Section 16 - At-Risk Limitations (Form 6198).
- In Line 1-40, enter all applicable information.
- In Section 16 - At-Risk Limitations (Form 6198).
- Calculate the return.
If the at-risk input is tied to a Schedule C, complete the following:
- Go to Income/Deductions > Business worksheet.
- In Section 13 - At-Risk Limitations (Form 6198).
- In Line 1-40, enter all applicable information.
- In Section 13 - At-Risk Limitations (Form 6198).
- Calculate the return.
If the at-risk input is tied to a partnership passthrough, complete the following:
- Go to Income/Deductions > Partnership Passthrough worksheet.
- In Section 12 - At-Risk Limitations (Form 6198).
- In Line 1-40, enter all applicable information.
- In Section 12 - At-Risk Limitations (Form 6198).
- Calculate the return.
If the at-risk input is tied to a s-corporation passthrough, complete the following:
- Go to Income/Deductions > S Corporation Passthrough worksheet.
- In Section 12 - At-Risk Limitations (Form 6198).
- In Line 1-40, enter all applicable information.
- In Section 12 - At-Risk Limitations (Form 6198).
- Calculate the return.
If the at-risk input is tied to a Schedule F or Form 4835, complete the following:
- Go to Income/Deductions > Farm / 4835 worksheet.
- In Section 10 - At-Risk Limitations (Form 6198).
- In Line 1-40, enter all applicable information.
- In Section 10 - At-Risk Limitations (Form 6198).
- Calculate the return.
| Solution Id | 000201334/000042022 |
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