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Form 1045 & IT-40NOL
Hi,
I filed my husband and I's taxes, which included his small business. I followed the questionnaire about the business and ended up with like a 4500 loss. I submitted my return and it said approved and we have gotten the refund it said. I got a letter in the mail from the IRS asking for a "Form 1045, Schedule A & a IT-40NOL". Everything that I look at shows this as if we are carrying the loss forward. We did not do this and thought it would be netted against my income (I have a regular 8-5 job). So I am not sure what to do...Can someone please help?
March 11, 2024
11:23 AM