TaxGuyBill
Level 15
04-02-2023
02:09 PM
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A Schedule C "loss" is different than a NOL (which sort-of means the net income on the entire 1040 ends up with negative income).
If there is other income on the tax return, a Schedule C loss is generally allowed to offset the other income on the tax return. It does not get carried forward to next year.
Does that help you? If not, can you give more details and explain what you mean?