Actually, what is more confusing is that you stated you carried over a loss. Why is that?
Since your wife materially participates in the business activity this loss should have been included on your 2018 tax return and offset other income.
Can you provide some additional clarification. something is not making sense.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
