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PaulVP
New Member

Business Loss

Why would I have smaller loss reported in 2019 then 2018 when I had larger loss in 2019 then 2018

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1 Reply
DavidS127
Expert Alumni

Business Loss

If you used TurboTax to prepare your taxes in both 2018 and 2019, there are a couple of worksheets in the PDF file that are useful to compare 2018 and 2019.

 

One is the "Two-Year Comparison" worksheet that will give you a side-by-side comparison of the major components of your entire tax return for this year and last year.

 

The other is the "Schedule C Two-Year Comparison" worksheet that will give you a side-by-side comparison of your Schedule C for both years.

 

If you are using a Download/CD version of TurboTax, you can search for these two worksheets in Forms mode.  Click the Open Form button at the top of the left pane and type in the search window.  Be sure to use the hyphen when you search for "Two-Year".

 

If you are using TurboTax Online, you'll need to download the PDF will all the worksheets, and then find the two forms in that PDF.  

 

Here's how to find the PDF of your current year tax return:

  1. If you're not already in your return, sign in and open or continue your return.
  2. Select Tax Tools and then Print Center from the left menu.
  3. Select the first option, Print, save, or preview this year's return and follow any additional instructions.  You get choices about whether the PDF just includes the forms that are filed, or versions with the worksheets.
  4. If you haven't paid your TurboTax fees yet, you'll have to do so to create the PDF.

If you save this PDF to your computer before you've finished your return, I recommend that you give it a conspicuous name (e.g., include DRAFT) in the name, to distinguish it from the final filed tax return.

 

To find the PDF of your filed tax return:

  1. Sign in to your TurboTax account.
  2. Select Documents from the navigation when it appears.
  3. Use the drop-down menu at the top of the screen to choose the tax year you want and then select Download PDF.
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