TaxGuyBill
Level 15
12-17-2024
02:06 PM
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@Karim - Texas wrote:
It is on Schedule C (Form 8995-A) Loss Netting and Carry Forward. Can you please help me a little bit more by letting me know on which schedule and which box to enter the figure?
As others noted, that is a completely different kind of carryover.
I don't mean to offend you, but your comments show that this tax return is well above your skill and knowledge. You should either decline this client and/or do some extensive continuing education about preparing tax returns for a business on Schedule C.