Flagged by TurboTax for High audit risk because of lower side business income, small business loss, and educational expenses.
I have small business . TT let me contribute to 401K solo and SEP IRA. Why it did not allow me to contribute to ROTH IRA saying I do not have earned income.?
Is QBI carryover and NOL the same thing? Went out of business in 2022. No income from business in 2023. Have a 18,273 loss carryover. Can i use the carryover for 2023?