Thank you for responding, just another question of clarification.
Yes, I disposed of it in 2018 so how do I deal with the NOL from that year and previous years when I did make a small profit but my losses were larger - hence, IRS determination that it "was a hobby".
I thought with the new tax law I could carry it back 5 years or forward until exhausted. (As you can see I am trying to carry forward losses for 2019, and 2020 to utilize the NOL which allows me to reduce my adjusted gross income?
Or is the NOL carryforward also moot as the IRS had declared it a hobby prior to 2018 given the continuous losses?
Finally, not to be confusing but should I go back and amend 2018 and 2019?
Getting confused, thanks for listening and trying to assist.
