Surgent's Guide to Understanding the At‑Risk Basis Rules and Forms 6198 and 7203
Tuesday, June 10, 2025
Noon-2 p.m. Central
2 CPE (2 technical) | 2 IRS CE
Course code: 25WS-0348
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Many tax clients with losses from their S corporations, partnerships, and multiple-member LLCs treated as partnerships will want to use these losses to offset their other income from other sources. This program explains when, why, and how the at-risk rules apply to allow or to prevent the owner of a pass-through entity from taking a loss from a pass-through entity and using it to offset other income. This program is extremely helpful for anyone with pass-through entity clients.
Major subjects
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Basis and at-risk basis
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How to calculate the amount of annual at-risk basis
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Forms 6198 and 7203
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When activities may be aggregated for at-risk purposes
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Qualified nonrecourse financing
Learning objectives
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Understand how a client determines his or her at-risk basis in his or her pass through entity
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Understand how the at-risk basis calculation differs from a regular basis calculation
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Calculate the amount of an investor's annual at-risk basis
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Understand the structure of IRS Form 6198 and how it relates to calculating a taxpayer's at-risk basis
Who should take this program?
- Any tax practitioner wishing to understand the at-risk rules and how they apply to losses allocated to the owners of pass-through entities
Pricing
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Standard Member Fee |
$99.00
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 Standard Nonmember Fee |
$99.00
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