About Lucy196

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how 475f selection person get QBI deduction and schedule C done in t...

Dear,A trader who made 475f selection put gain/loss in 4797 form according to belowGains or losses treated as ordinary gains or losses, if you are a trader in s...

Lucy196

Updated Apr 25, 2022
Re: Does a person who qualify for Trader Status in 2021 but did not ...

Hi George,Thanks a lot, That's great answer. It seems that I confused 80% deduction vs 80% carryover of TI.Thanks again,Lucy

Lucy196

1

Updated Apr 25, 2022
Re: Does a person who qualify for Trader Status in 2021 but did not ...

Hi George,Thank you for information and kind reply. After reading your reply, I got more questions. suppose a person (assume single status) has capital loss 21k...

Lucy196

3

Updated Apr 25, 2022
Re: with 475f MTM selection in 2021, can you carry back loss made in...

Hi George,Thanks a lot for kind reply. the link you gave shows:Most taxpayers no longer have the option to carryback a net operating loss (NOL). For most taxpay...

Lucy196

1

Updated Apr 08, 2022
Re: Does a person who qualify for Trader Status in 2021 but did not ...

Hi George,Thank you for kind reply. Your detailed explanation is most helpful. I have a question regarding to the QBI loss carry over, suppose you has a capital...

Lucy196

7

Updated Apr 25, 2022

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Date Registered	‎April 5, 2022 10:47 AM
Date Last Visited	‎April 25, 2022 1:44 PM
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