PS: I mean "current year".
Last year's loss from your Schedule C goes as
SECTION 465(d) CARRYOVER
on Line 27 of your Sch C called Other Expenses (from line 48) where you will actually see the on your Schedule C of your tax return.
I believe I put it manually on there.
It is possible that TT pulls it in from last year.
But it is easy to check.
Just check last year's loss there after adding all the expenses and it is negative.
Then carry it forward.
All within one LLC of course. Or DBA.
