1040-US: Reg. 1.1367-1(f) election and at-risk amounts

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.


Can I make the Reg. 1.1367-1(f) election for alternative ordering rules for at-risk allocation of expenses?


No, you cannot make this election in UltraTax/1040. Reg. 1.1367-1(f) applies to the shareholder basis, not at-risk. UltraTax CS allocates based on IRC Sec. 465 and Form 6198 instructions.

Note: The Reg. 1.1367-1(f) election for S Corporation basis calculations can be made on Screen SBasis1.

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

Share This