Frequently Asked Question 110
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What does it mean by "at-risk"?
The at-risk rules prevent investors from deducting losses from investments in excess of their actual investment if there is no personal liability for the excess losses. If you are not liable for all losses of the business, you must enter your basis information which will be used to limit any potential losses. Refer to IRS Publication 925 for additional information (This link requires Adobe® Reader®). |
