Hi Champ,
Thanks so much for your reply. Mine begging of the year of $70K was from suspended losses from S Corp, not withdrawal. . So I have $70K “Disallowed loss” from previous years, this year offset by $5K of biz income so the end of year, I have $65K balance. My question is when I would be able to use this $65K Disallowed losses? It is the same as suspended losses right?
