Business & farm

@PatriciaV 

 

OK, so for each individual year on the table, I will just put the exact number that is carried over from prior year, correct?

In my example, there is $1000 carried over from year 2021 to year 2022, and in year 2022 I lose $1500 again. Assuming there is no deduction due to my MAGI, then for 2022 Operating Loss on the table, I simply put -$1000 that is carried over from 2021; and for Operating Loss of year 2023 on the table, I should put -$2500, which is the number carried over from year 2022 to year 2023. Am I right?

Thanks!

Thanks!