Thanks a lot, John.Bottomline:1. 8995 losses are not used against both ordinary income and passive income.2. I terminated the business in 2022. Therefore those ...
Thanks a lot John for your comprehensive explanation.By the way, I'm using TT Home and Business.However, I'm still confused. Apparently there two different expr...
Thanks a lot John,How would this loss is used (or be used in the future)? Will it be carry forward indefinitely? Is it used against ordinary income? Passive inc...
