donkozak
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Sorry it is an Scorp, form (1120-S).So, form 7203 calculates my allowable loss for 2023 to $27,815 which is also the total loss on line 1 of the K1. So then for...
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- Posted Re: Form 7203 calculates my allowable losses for 2023 from a partnership as $27,815. However I do not have any other reportable income for 2023. Can these losses be carryover to 2024 and if so how do I do that. Turbo tax is showing this loss on form 1040 on Get your taxes done using TurboTax. October 11, 2024 12:14 PM
- Posted Form 7203 calculates my allowable losses for 2023 from a partnership as $27,815. However I do not have any other reportable income for 2023. Can these losses be carryover to 2024 and if so how do I do that. Turbo tax is showing this loss on form 1040040 on Get your taxes done using TurboTax. October 11, 2024 10:13 AM
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