How are you making Form 6198 work?  I have the info filled in and in Part IV of 6198, ,it shows $-27,442 as deductible loss and $16,401 as amount at-risk at end of year.  Yet the full loss of $39,944 is flowing to schedule 1.  I cannot figure out how to make it only allow the loss up to their basis.  What am I doing wrong?