topic Can I bring up a Schedule C form? in Business & farm

Can I bring up a Schedule C form?

7ldy2bg — Thu, 19 Mar 2020 17:49:46 GMT

I have a business loss carryover to report. I have no income, the business has been closed for years, so only need to report the allowed amount of $3,000. Can I bring up the Schedule C form without income?

Re: Can I bring up a Schedule C form?

JamesG1 — Thu, 19 Mar 2020 18:11:40 GMT

Are you referring to a capital loss carryover on Schedule D? Routinely only $3,000 of such a loss can be offset against the current year’s income. To access this information, follow these steps.

Down the left side of the screen, click on Federal.
Across the top of the screen, scroll down to Capital Loss Carryover.
Click on Edit/Add to the right.

Re: Can I bring up a Schedule C form?

AmeliesUncle — Thu, 19 Mar 2020 20:17:18 GMT

Please stick to one post.

https://ttlc.intuit.com/community/business-taxes/discussion/where-on-the-turbo-tax-form-do-i-enter-a-business-loss-carryover/01/1333934

Any business losses on Schedule C would have been reported many years ago, with no carryover.

Your comment about a $3000 loss implies a capital loss, but that is NOT a loss from a business.

As I said in your other post, you need to provide details about EXACTLY what this loss was from, as your questions don't make sense.