As I have no desire to take the loss on my personal return, can I just carry over the loss on my corporate return to the next year and offset corporate gains?
Thank you for all of this- it is very helpful.Just to be clear, ordinary business loss from the corporation can show up and produce a negative K-1, which can be...
Yes, I am showing a negative number on Item F of the 1120-S as my total income was less than my deductions. Is that allowed?I am the only shareholder in my S Co...
Sorry I got my forms confused... if I had a loss on previous year M2 would I report it as negative on the 1120-s under "other income" line 5?Thank you!!
