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Inherited Schedule C business in mid-Dec 2016 -- 1) filing 2016 Sched C if no income/expenses yet? 2) do I carry forward their NOL?
Reposting as question cut off before: Relative had Schedule C business that I inherited and owned only last two weeks December 2016. 1) I'll file a 2017 Schedule C, but if no income/expenses for business in last two weeks 2016, do I need to file Sched C for last two weeks 2016? 2) Relative had Net Operating Loss (NOL) with business/Schedule C -- does it die with them or do I carry the NOL forward against MY taxes/Schedule C?
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‎June 5, 2019
3:49 PM