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Retirement tax questions
Expenses on schedule C .
total expenses : 10k
Carry over 10k of income to schedule C from schedule D to zero out schedule C.
And this put a 10k loss on schedule D to account for the carryover above.
This expenses are noted. Income is correct (most on schedule d minus the amount carried over to schedule c to zero out expenses).
i have done this for 3 years. No neg response from irs. It is the way to do it. Greentradertax has good info on it .
March 28, 2021
10:58 AM