DISPOSAL OF BUSINESS VS DISPOSAL OF HOBBY
- IF I SAID I DISPOSED OF MY NON-RENTAL BUSINESS IN 2018 CAN I AGAIN INDICATED YES DISPOSED OF BUSINESS IN 2020 SO THAT I CAN CONTINUE TO INCLUDE CARRYOVER LOSSES FROM PREVIOUS YEARS?
- 2NDLY AS I HAVE HAD LOSSES FOR MORE THAN 7 YEARS IN 2015 THE IRS SAID I WAS A HOBBY SO DOES THAT MEAN I WAS STILL A HOBBY IN 2018 AND THE QUESTION REGARDING DISPOSAL OF BUSINESS IS IRRELEVANT?
- THANK YOU SO VERY MUCH FOR ANSWERING
‎April 1, 2021
10:50 AM
