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Self employed
Thanks a lot, John.
Bottomline:
1. 8995 losses are not used against both ordinary income and passive income.
2. I terminated the business in 2022. Therefore those losses will not be used in the future...
3. Unless I show a profit in another business.
Does that summarize it?
Thanks again, John.
Armando
March 30, 2023
7:15 AM