At Risk loss limitation - form 6198

[MEHCPA]

Taxpayer receives K-1 from LLC which shows the following:

Ordinary income/(loss)(Box 1) (31,000)

Guaranteed payments (Box 4) 18,000

Int. Income (Box 5) 248

Self-employment earnings (Box 14a) (13,000)

The taxpayer has zero basis in the LLC, so the loss is limited due to At Risk limitations. Does the at risk limitation have any effect on the amount of loss carried to the Sch SE? (Taxpayer does have SE income from a Sch C.)

[jainen]

>>Taxpayer receives K-1<<

According to the form's INSTRUCTIONS at My link, "If the amount on [line 14] is a loss, enter only the deductible amount on Schedule SE."