Form 6198 At-Risk Limitations: IRC 465 Calculations, Grouping, Elections and Schedules
Identifying Loss Deferrals, Recapture Requirements; Tracking Carry-Forward Amounts
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax advisers with an advanced guide to reporting loss limitations on Form 6198. The panel will have an in-depth discussion into the Section 465 rules and offer comprehensive and practical guidance on the complexities of maintaining at-risk amount schedules and carry-forwards. The webinar will also detail tactics for freeing up carry-forward losses and dealing with loss recapture.
- Taxpayers and activities subject to Section 465 at-risk limitations
- Activities that must be reported separately
- Aggregation rules
- Determination of amounts at risk
- Nonrecourse debt and amounts deemed not at risk
- Recapture rules
- Form 6198
The panel will discuss these and other important topics:
- What does—and does not—qualify as “at risk” for purposes of calculating loss limitation on pass-through activities?
- What elections and grouping approaches are available to minimize the impact of loss deferral due to at-risk limitations?
- Reporting carry-forwards and recapture of prior loss deductions on Form 6198
- Maintaining schedules and substantiation of carry-forward disallowed losses
Robert S. Barnett, CPA
Capell Barnett Matalon & Schoenfeld
Mr. Barnett’s practice is highly concentrated in the areas of taxation, trusts, estates, corporate and... | Read More
Mr. Barnett’s practice is highly concentrated in the areas of taxation, trusts, estates, corporate and partnership law and charitable planning. His experience includes surrogate’s court practice, tax dispute resolution in both federal and state jurisdictions, and tax court representation. Mr. Barnett frequently assists clients in structuring financial transactions and charitable gifts. His articles and lectures encompass a wide variety of topics, including business succession, estate planning, generation-skipping, stock options, effective strategies for removing tax liens, proper utilization of the marital deduction and utilization of partnership elections.Close