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Business & farm
Okay so the loss carryover needs to be listed somewhere. Each year the loss is reported on the schedule d and the amount allowed on line 13 of the form 1040 and the rest is carried forward and should be reported on a worksheet showing the calculation of the carry forward. So have you been filing a tax return every year for the past 11 years? Or have you not been required to file for all those years?
March 9, 2021
6:16 AM