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Business & farm
Follow up question on Schedule SE.
Last year (2019) I had a small net loss on my LLC - I business I own but did not earn income thru. I had a net loss of -796 which were basically deductions for business expenses.
Last year my taxes were done by a CPA and Schedule SE was generated and it shows this loss.
This year (haven't filed yet ), I have the same situation - a small net loss thru the LLC. However, TT did not generate Schedule SE.
Can I assume this is OK and I do not need to file this form?
Thank you,
‎October 10, 2021
10:23 AM