I have an LLC that has just been starting up for a couple of years and had no income or expenses this year (but did have expenses and no income first 2 yrs) . I have confirmed I don't need to file a schedule C if no income or expenses and was getting ready to file my TT returns and I noticed it generated an 8995 form (Qualified Business Income Deduction) with the loss amount from last 2 yrs carried over. Just want to confirm my return should include an 8995 form if no Schedule C this year.
I called the IRS and she transferred me to the dept for Schedule C questions which informed me there are no agents to answer these questions and to look on line for help. Arrggggh.
Thank you very much in advance.
