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Get your taxes done using TurboTax
@Gordo5 , give me till tomorrow to come back on this ---- what I get is that
(a) you established an FDE ( because you are sole owner of a foreign entity or a Branch of a foreign entity 0
(b) you have had no income from this effort in 2021
(c) now you want liquidate the FDE
(d) so you would like to file a 8858 to liquidate the FDE and a schedule-C to use NOL ( because of seting up expenses )
I will come back tomorrow ( because I thought setting up expenses on a sole owner business with nil income is lost and not eligible for NOL treatment -- so I need refresh my memories.
pk
‎October 8, 2022
7:48 PM