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labramski
New Member

How do I delete my Alternative Business Calculation Adjustment?

 
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DaveF1006
Employee Tax Expert

How do I delete my Alternative Business Calculation Adjustment?

To clarify, why do wish to get rid of it? This is a carryforward business-related losses during each of the 20 taxable years following the alternative business loss’ taxable year. You can always use this to offset future business gains for 20 years.

 

This is a calculated amount that cannot be removed. If you have business losses that could not be claimed this year, it will carryover for the next 20 years until it is offset by business gains during that timeframe.

 

 

 

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