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Carry over business losses
I started a business in 2022. My wife works elsewhere as a w2 employee. My losses will offset her taxes due.
Which expenses can I carry over to the 2023 tax season? It appears I have brought our AGI to zero - especially after utilizing the savers credit, my refund does not get any larger. (all of her taxes paid..)
Is there a certain type of expenses I can carry over? For example, can I claim $100 purchase from 2022 in 2023 because it was not reducing my income, or can it only be larger 179 deduction items - which in that case, one would chose wisely which expense was used first...
‎January 15, 2023
3:09 PM