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Business & farm
Hello,
I have a question relating to this subject.
I have a loss in the year 2018 on 1120 S - Schedule K. Because of my higher income, the loss is not reducing my taxable income, therefore not reducing my liability on my personal taxes.
In order to carry the loss forward to the future years, will I have to include the Schedule K in 2018 tax return?
If I skip it, meaning not included the schedule K at all, Can I still include it in 2019 personal taxes?
‎October 4, 2019
2:10 PM