Investors & landlords

As I mentioned before, generally a Schedule C will be fully "At-Risk" which would mean the losses are used, not carried over.  But you can check the details for "At-Risk Amounts" in Publication 925.

https://www.irs.gov/publications/p925#en_US_2024_publink1000104692

 

Assuming you were fully "At-Risk", there is carryover.  If the losses were large, you may consider amending prior tax returns to use the losses.