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Investors & landlords
Thanks for the prompt response! let me clarify (as I may have confused you):
I just want to make sure that (as you too state) "Unallowed losses are carried forward." For last year, I know that -$13 was carried forward, but for this year it shows zero. So, how can I check in TT that my loss is calculated correctly and will be carried forward"?
otherwise, yes, I am aware that "expenses cannot exceed the current year income" (as you suggest). For example, last year the negative amount (specifically -$13) did not reduce my income.
Thanks again.
‎September 28, 2021
2:51 AM