- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Schedule C loss carryovers from 2018
in 2018 i had sole proprietorship that does consulting that lost ~$9,000 on schedule C. My overall AGI is ~$100,000 and this year. in 2019 the sole proprietorship had a gain of ~$2,000.
Can i carryforward some of 2018 losses into 2019 return. If so would i enter the amount in turbotax in "other business situations" screen, 2018 at risk loss carryover. And if allowed how much could i deduct? up to 2019 income, and carry the rest into 2020? Thanks, Paul
Topics:
‎February 28, 2020
12:06 PM