i HAD BUSINES LOSTS THIS YEAR. I ENTERED THEM ON MY FEDERAL RETURN. IS THIS DATA TRANSFER TO MY STATE RETURN AUTOMATICALLY; OR DO I HAVE TO ENTER IT MANUALLY? IF I HAVE TO ENTER IT WHERE?
posted
March 28, 20231:05 PM
last updated
March 28, 20231:05 PM
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schedule C should transfer automatically as should losses reported through K-1s but the state loss can differ from the federal loss so you would need to go through the state interview.
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