Using Turbo Tax Home and Business On Schedule C line 31 Profit or Loss subtract line 30 from line 29 Line 30 = 0 Line 29 = -17835, but schedule C line 31 is showing 0.
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Using Turbo Tax Home and Business On Schedule C line 31 Profit or Loss subtract line 30 from line 29 Line 30 = 0 Line 29 = -17835, but schedule C line 31 is showing 0.
on Schedule C, Line 29-30 = -17835, why does line 31 showing 0
Using Turbo Tax Home and Business On Schedule C line 31 Profit or Loss subtract line 30 from line 29 Line 30 = 0 Line 29 = -17835, but schedule C line 31 is showing 0.
There are situations related to passive activity and at-risk rules where Schedule C line 31 will not be line 29 minus line 30. See the instructions for line 31 on page C-15 of the IRS Instructions for Schedule C.