topic Do you report losses on line 2 of form 8995-A, assuming that you have multiple trades or businesses some of which reported gains while others reported losses? in After you file

Do you report losses on line 2 of form 8995-A, assuming that you have multiple trades or businesses some of which reported gains while others reported losses?

LMtax — Thu, 03 Sep 2020 01:17:04 GMT

Assume that can you invested in two partnerships that cannot be aggregated. One partnership reports rental income and the other reports rental loss. Do you report the rental loss in one of the columns on line 2 of form 8995-A or do you report zero in that column?

Re: Do you report losses on line 2 of form 8995-A, assuming that you have multiple trades or businesses some of which reported gains while others reported losses?

mellish7777 — Thu, 03 Sep 2020 18:33:34 GMT

The process starts on SCH C of the 8995-A.

Re: Do you report losses on line 2 of form 8995-A, assuming that you have multiple trades or businesses some of which reported gains while others reported losses?

LMtax — Sun, 06 Sep 2020 15:55:35 GMT

Thank you.