You'll need to sign in or create an account to connect with an expert.
Do you have losses in prior years, that were not allowed?
Losses can be limited if you are not "At Risk" and this really means "Can you lose money in the business?" and most small businesses are "At Risk" because if you don't pay a bill, the creditor can come after personally.
Please post of comment if I have addressed everything you asked about. Thank you.
Do you have losses in prior years, that were not allowed?
Losses can be limited if you are not "At Risk" and this really means "Can you lose money in the business?" and most small businesses are "At Risk" because if you don't pay a bill, the creditor can come after personally.
Please post of comment if I have addressed everything you asked about. Thank you.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mahimahimom
Level 3
crookedoak
New Member
malvinchip
New Member
blahblah_gc
Level 2
hfkroeker
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.