turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
rjs
Level 15
Level 15

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.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question