1040-US: Form 6198 is limiting carryover losses that were limited in the previous year

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Question

Why are carryover losses limited by Form 6198 in previous years being limited by Form 6198 in the current year?

Answer

The tax application automatically adds all losses that have not previously passed the at-risk limitation to the current-year activity and includes these amounts in Form 6198, Part I.

Related topic: Form 6198 - At-risk calculations FAQs (1040)

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