- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
At risk scenario
I am a sole proprietor, single member LLC, married filing jointly. I have put 100% of my own money (after tax) dollars into my business. I myself run all the daily activities for my business, no other investors or people involved what so ever. Filling out schedule C 1040, my business had a net loss. I assumingly checked the box 32a "All investment is at risk". Does my net loss qualify to be a SECTION 465(d) CARRYOVER to next year or will my net loss get absorbed by or offset my husbands income which is much larger income than my business made obviously?
Topics:
March 11, 2021
1:59 AM