Enrolled Agent Exam [Part 1] 76, At-Risk Rules and Basis Limitations

Failed to add items

Sorry, we are unable to add the item because your shopping cart is already at capacity.

Add to basket failed.

Please try again later

Add to wishlist failed.

Please try again later

Remove from wishlist failed.

Please try again later

Adding to library failed

Please try again

Follow podcast failed

Unfollow podcast failed

Enrolled Agent Exam [Part 1] 76, At-Risk Rules and Basis Limitations

Listen for free

View show details

About this listen

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Loss deductions must sequentially clear three hurdles: Basis, At-Risk, and Passive (B-A-P). • S corp shareholders do not receive basis for entity-level debt, unlike partners in a partnership. • At-risk amounts generally include cash invested plus recourse debt, but exclude nonrecourse financing. • Form 6198 is used to calculate and apply the at-risk limitations to losses. • A key exam exception allows qualified nonrecourse financing for real estate activities to be included in the at-risk amount. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep

No reviews yet