I have a business loss carryover to report. I have no income, the business has been closed for years, so only need to report the allowed amount of $3,000. Can I bring up the Schedule C form without income?
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2 Replies
JamesG1
Expert Alumni
Mar 19, 2020 11:11:40 AM
Are you referring to a capital loss carryover on Schedule D? Routinely only $3,000 of such a loss can be offset against the current year’s income. To access this information, follow these steps.
Down the left side of the screen, click on Federal.
Across the top of the screen, scroll down to Capital Loss Carryover.