About kims374

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Re: Negative business income

The loss is from several previous years.

kims374

1

Updated Mar 10, 2022
Re: Negative business income

So just to clarify...I could enter the loss under the nol section for my 2021 taxes of 20% of the negative number?

kims374

2

Updated Mar 10, 2022
Re: Negative business income

Would I be allowed to claim the entire loss / negative amount or just a percentage of that? Please advise thanks.

kims374

4

Updated Mar 10, 2022
Re: Negative business income

Form 8995 from 2020 has a negative bal on line 16.Can I put that somewhere in my 2021 return to offset my regular employment income. I have a side business that...

kims374

6

Updated Mar 10, 2022

Activity Feed for kims374

Posted Re: Negative business income on Self employed. ‎March 10, 2022 3:21 PM
Posted Re: Negative business income on Self employed. ‎March 10, 2022 3:20 PM
Posted Re: Negative business income on Self employed. ‎March 10, 2022 2:08 PM
Posted Re: Negative business income on Self employed. ‎March 10, 2022 7:09 AM
Posted Negative business income on Self employed. ‎March 10, 2022 3:23 AM
Posted Qualified negative business income on Business & farm. ‎March 9, 2022 8:12 PM

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Date Registered	‎March 9, 2022 8:05 PM
Date Last Visited	‎March 13, 2022 7:29 PM
Total Messages Posted	6

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