- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, you may enter each line separately for Code AJ (Excess Business Loss). However, note that this information will be used only if your net losses from all businesses are more than $289,000 ($578,000 if filing a joint return).
See also: IRS Instructions for Form 461 - Limitations on Business Losses
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 27, 2024
7:12 AM