Question
A taxpayer may use Part II of Form 6198 if they know: The amount of loss subject to passive activity loss. The total partnership or
A taxpayer may use Part II of Form 6198 if they know:
The amount of loss subject to passive activity loss.
The total partnership or S corporation loss for the year.
Their prior-year adjusted outside basis.
Their prior-year adjusted at-risk basis of their interest in the at-risk activity.
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
