Looking at my 2022 return, I don't see that I have officially closed the business at the federal level. At the state and municipality levels the business was closed in 2022. In 2022 we did not have any regular business income. However, we have a sizeable carryover of operating expenses and excess depreciation on Form 8829, Part IV, Lines 43 and 44. We are now retired. Am I able to capture any of the carryover on our 2023 tax return?
Also, we have a 30 year SBA/COVID EID Loan that we are paying interest only on. Is that deductible?
If any of this does apply to 2023, do I need the Turbo Tax Home & Business program or can I just use the personal version?