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Marcia M
Level 1
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  • Thank you. However, we were not planning to carry over a net operating loss... These expenses were deducted against income in prior years.So are you indicating ...
    Marcia M
    1
    Updated Mar 16, 2020
  • Thank you so much. I agree it makes sense that because the expenses were deducted in a prior year the amount would be taxable. However, the instructions specifi...
    Marcia M
    3
    Updated Mar 16, 2020
  • Thank you so much, but I am looking at Form 982 Part II and none of those situation applies. The debt was incurred by charging ordinary expense items on the Sch...
    Marcia M
    5
    Updated Mar 16, 2020
  • I received a 1099-C for a debt for a single member LLC in 2019. The LLC had filed for bankruptcy under Chapter 11. This was for a credit card. These expenses ch...
    Marcia M
    7
    Updated Mar 16, 2020
  • I would disagree. The interest would not be deductible as rental interest. Please see the special caution !!! box in Pub 535 that states "P.L. 115-97 sec. 11043...
    Marcia M
    2
    Updated Mar 12, 2023
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