@kevin_ny_2003 wrote:
Can these losses be allowed to be transferred on my personal tax return?
The net loss can be transferred to your personal income tax return via the K-1 (1120-S) from your S corporation.
Note that you need sufficient basis to recognize the loss on your personal return or the loss will be suspended.
See https://www.irs.gov/instructions/i1120ssk#idm140355075930352
