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Business & farm
my token #1091456
My schedule F also listed under misc exp "465(d) carryover. My bank said they've never seen that before and I need to get it looked at closer. But my main concern is that it is effectively doubling my QBI deduction by adding it with regular tax column? This is the first year my schedule F showed a profit so now the QBI deductions are applicable.
In years past when I had a negative AGI my NOL was listed under 1040, schedule 1, line 8a. Am I right to assume it's not listed there now because I have positive income when my off farm wages are taken in account?
March 8, 2023
9:28 PM