Publication 925 - Introductory Material
At-risk amounts. The following rules apply to amounts borrowed after May 3, 2004.
You must file Form 6198 if you are engaged in an activity included in (6) under Activities Covered by the At-Risk Rules and you
have borrowed certain amounts described in Certain borrowed amounts excluded under At-Risk Amounts in this
You may be considered at risk for certain amounts described in Certain borrowed amounts excluded under At-Risk Amounts
secured by real property used in the activity of holding real property (other than mineral property) that, if nonrecourse,
would be qualified
Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of
selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
This publication discusses two sets of rules that may limit the amount of your deductible loss from a trade, business, rental,
income-producing activity. The first part of the publication discusses the passive activity rules. The second part discusses
the at-risk rules.
However, when you figure your allowable losses from any activity, you must apply the at-risk rules before the passive activity
Comments and suggestions.
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Internal Revenue Service
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Ordering forms and publications.
to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response
within 10 days after your request is received.
National Distribution Center
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Bloomington, IL 61702-8903
If you have a tax question, check the information available on
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Useful Items - You may want to see:
Form (and Instructions)
Investment Interest Expense Deduction
Passive Activity Loss Limitations
Passive Activity Credit Limitations
Corporate Passive Activity Loss and Credit Limitations
See How To Get Tax Help near the end of this publication for information about getting these publications and forms.