Table of Contents
For the latest developments related to Publication 925, such as legislation enacted after it was published, go to www.irs.gov/pub925.
Regrouping due to Net Investment Income Tax. You may be able to regroup your activities if you’re subject to the Net Investment Income Tax. See Regrouping Due to Net Investment Income Tax under Grouping Your Activities , later, for more information.
You must file Form 6198, At-Risk Limitations, if you’re 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 publication.
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 nonrecourse financing.
Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing & Exploited Children® (NCMEC). Photographs of missing children 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, or other 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 rules.
Internal Revenue Service
Tax Forms and Publications
1111 Constitution Ave. NW, IR-6526
Washington, DC 20224
527 Residential Rental Property (Including Rental of Vacation Homes)
Form (and Instructions)
4952 Investment Interest Expense Deduction
6198 At-Risk Limitations
8582 Passive Activity Loss Limitations
8582-CR Passive Activity Credit Limitations
8810 Corporate Passive Activity Loss and Credit Limitations
8949 Sales and Other Dispositions of Capital Assets
See How To Get Tax Help near the end of this publication for information about getting these publications and forms.
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