At-Risk Limitations                                              OMB No. 1545-0712
Form 6198
(Rev. November 2024)                                             Attach to your tax return.                                   Attachment  
Department of the Treasury 
Internal Revenue Service                  Go to www.irs.gov/Form6198 for instructions and the latest information.             Sequence No. 31
Name(s) shown on return                                                                                              Identifying number

Description of activity (see instructions)

Part I   Current Year Profit (Loss) From the Activity, Including Prior Year Nondeductible Amounts. 
         See instructions.
1    Ordinary income (loss) from the activity (see instructions)  .            .  . . .     . . . .  .  .     . . .  .     1 
2    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  .           . . .        . . . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     2a 
b    Form 4797             . . . .        . . . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     2b
c    Other form or schedule  .              . . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     2c 
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  .           .      .  . . .     . . . .  .  .     . . .  .     3 
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  .                .  . . .     . . . .  .  .     . . .  .     4  (                              ) 
5    Current  year  profit  (loss)  from  the  activity.  Combine  lines  1  through  4.  See  the  instructions  before 
     completing the rest of this form           .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     5 
Part II  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 the activity) on the first 
     day of the tax year. Do not enter less than zero  .           .  . .      .  . . .     . . . .  .  .     . . .  .     6 
7    Increases for the tax year (see instructions) .           . . .  . .      .  . . .     . . . .  .  .     . . .  .     7 
8    Add lines 6 and 7  .        .        . . . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     8 
9    Decreases for the tax year (see instructions)  .            . .  . .      .  . . .     . . . .  .  .     . . .  .     9 
10a  Subtract line 9 from line 8            . . .  .  .   .    . . .  . .      .  . . .     . .   10a
b    If  line  10a  is     more  than  zero,  enter  that  amount  here  and  go  to  line  20  (or  complete  Part  III). 
     Otherwise, enter -0- and see Pub. 925 for information on the recapture rules               . .  .  .     . . .  .     10b
Part III 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  .  .            . . . .        . . . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     11 
12   Increases at effective date  .           . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     12 
13   Add lines 11 and 12  .               . . . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     13 
14   Decreases at effective date  .           . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     14 
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                     15 
         year form.                                                                                                  }
16   Increases since (check box that applies):
a        Effective date          b        The end of your prior year  . .      .  . . .     . . . .  .  .     . . .  .     16 
17   Add lines 15 and 16  .               . . . .  .  .   .    . . .  . .      .  . . .     . . . .  .  .     . . .  .     17 
18   Decreases since (check box that applies):
a        Effective date          b        The end of your prior year  . .      .  . . .     . . . .  .  .     . . .  .     18 
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  .            .  . .      .  . . .     . . . .  .  .     . . .  .     19b
Part IV  Deductible Loss
20   Amount at risk. Enter the larger of line 10b or line 19b           .      .  . . .     . . . .  .  .     . . .  .     20 
21   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  .            . .  .  .     . . .  .     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. 11-2024)