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Possible answer is no: Forgot an expense from last year in the SchC

Hi,

For the business we had a large expense (~$1k for the business insurance) in year 2018 and we totally missed adding it to the Schedule C then.  Is there a legally allowed way, other than refilling a modified 2018 tax-form, to incorporate that expense to the 2019 Schedule C?  

Thanks,

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1 Best answer

Accepted Solutions

Possible answer is no: Forgot an expense from last year in the SchC

Unfortunately you will need to amend 2018 to claim that expense.

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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1 Reply

Possible answer is no: Forgot an expense from last year in the SchC

Unfortunately you will need to amend 2018 to claim that expense.

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
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