OMB No. 1545-2283
                                             Limitation on Business Losses
Form 461
Department of the Treasury                           Attach to your tax return.                                            2024
                                                                                                                           Attachment   
Internal Revenue Service            Go to www.irs.gov/Form461 for instructions and the latest information.                 Sequence No.64
Name(s) shown on return                                                                                       Identifying number

Part I   Total Income/Loss Items 
         See instructions if you are filing a tax return other than Form 1040 or 1040-SR.
1        Reserved for future use  . .    . . . . . . .    .        .   .   . . . . .   . .    . . . .     . .     .     1
2        Enter amount from Schedule 1 (Form 1040), line 3 .        .   .   . . . . .   . .    . . . .     . .     .     2
3        Enter amount from Form 1040 or 1040-SR, line 7. See instructions  .     . .   . .    . . . .     . .     .     3
4        Enter amount from Schedule 1 (Form 1040), line 4 .        .   .   . . . . .   . .    . . . .     . .     .     4
5        Enter amount from Schedule 1 (Form 1040), line 5 .        .   .   . . . . .   . .    . . . .     . .     .     5
6        Enter amount from Schedule 1 (Form 1040), line 6 .        .   .   . . . . .   . .    . . . .     . .     .     6
7        Reserved for future use  . .    . . . . . . .    .        .   .   . . . . .   . .    . . . .     . .     .     7
8        Enter other income, gain, or losses from a trade or business not reported on lines 1 through 7 .   .     .     8
9        Combine lines 1 through 8  .    . . . . . . .    .        .   .   . . . . .   . .    . . . .     . .     .     9
Part II  Adjustment for Amounts Not Attributable to Trade or Business 
         See instructions if you are filing a tax return other than Form 1040 or 1040-SR.
10       Enter any income or gain reported on lines 1 through 8 that is not attributable to a trade or business  .      10 
11       Enter any losses or deductions reported on lines 1 through 8 that are not attributable to a trade or 
         business. See instructions .    . . . . . . .    .        .   .   . . . . .   . .    . . . .     . .     .     11
12       Subtract line 11 from line 10 . . . . . . . .    .        .   .   . . . . .   . .    . . . .     . .     .     12
Part III Limitation on Losses
13       If line 12 is a negative number, enter it here as a positive number. If line 12 is a positive number, enter it 
         here as a negative number  .    . . . . . . .    .        .   .   . . . . .   . .    . . . .     . .     .     13
14       Add lines 9 and 13  . .  . .    . . . . . . .    .        .   .   . . . . .   . .    . . . .     . .     .     14
15       Enter $305,000 (or $610,000 if married filing jointly)  . .   .   . . . . .   . .    . . . .     . .     .     15
16       Add lines 14 and 15. If less than zero, enter the amount from line 16 as a positive number on Schedule 
         1 (Form 1040), line 8p. See instructions if you are filing a tax return other than a Form 1040 or 1040-SR. 
         If zero or greater, do not attach this form to your tax return  . . . . . .   . .    . . . .     . .     .     16
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.                Cat. No. 16654I          Form 461 (2024)