Business & farm

A couple of things here:

  1. Are you tracking your basis?
  2. When you prepared your 2016 individual tax return, did you take the loss.  This, of course, will depend on whether you had sufficient basis to take the loss
  3. So depending on the responses to the above questions, this will determine whether or not you have any loss carryover to 2017.
*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.