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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 6198
for the current year.
IRS Form 6198 At-Risk Limitations
What Is IRS Form 6198?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on November 1, 2009. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 6198?
A: IRS Form 6198 is a form used to calculate and report the at-risk limitations for individuals and businesses.
Q: Why do I need to file IRS Form 6198?
A: You need to file IRS Form 6198 if you have investments or activities that are considered at-risk, meaning you may be liable for any losses incurred.
Q: Who needs to file IRS Form 6198?
A: Individuals and businesses who have at-risk activities or investments need to file IRS Form 6198.
Q: What are at-risk limitations?
A: At-risk limitations are rules that determine the maximum amount of loss that can be claimed on investments or activities considered at-risk.
Q: How do I fill out IRS Form 6198?
A: You need to provide information about your at-risk activities or investments, calculate your at-risk amount, and determine any allowable losses.
Q: Is there a deadline for filing IRS Form 6198?
A: The deadline for filing IRS Form 6198 is typically the same as the deadline for filing your federal income tax return.
Q: What happens if I don't file IRS Form 6198?
A: If you have at-risk activities or investments and don't file IRS Form 6198, you may not be able to claim any allowable losses on your tax return.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 6198 through the link below or browse more documents in our library of IRS Forms.
