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Business & farm
A couple of thoughts:
- Have you actually looked at your return to understand what your Schedule C looks like?
- You need to go through the TT questions and make sure you answer the question about at-risk correctly. You need to make sure you check the box where it asks if all of your investment is "at-risk".
*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.
Also keep in mind the date of replies, as tax law changes.
‎April 13, 2021
7:00 AM