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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Question
Does the at-risk limitation come before investment interest limitation?
Answer
No. The IRS requires limitation by Form 4952 first, then limitation by Form 6198. Enter investment interest limited by Form 4952 in the Investment interest expense - Schedule A field in Screen K1-3. The tax application reports this limited amount on Schedule A.
Related topic: Form 6198 - At-risk calculations FAQs (1040)
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