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- I had a business loss in 2021 and a business loss in 2022 but the business loss amount is populating in the Business income row on the Federal Income Tax Summary page?
I had a business loss in 2021 and a business loss in 2022 but the business loss amount is populating in the Business income row on the Federal Income Tax Summary page?
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coopstah2001
Level 1
03-31-2023
05:36 PM
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Can someone help me understand why?
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3 Comments 3
itonewbie
Level 15
03-31-2023
07:21 PM
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If that's a Sch C §162 ToB, why should it now be shown on the summary?
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Still an AllStar
coopstah2001
Level 1
04-13-2023
05:52 PM
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I meant to say I had a business loss in 2021 and a business loss in 2022 but the business loss amount is "not" populating in the Business income row on the Federal Income Tax Summary page?
The business loss is lowering taxable income
TaxGuyBill
Level 15
04-13-2023
06:00 PM
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@coopstah2001 wrote:
The business loss is lowering taxable income
It sounds like it is correctly being reported on the tax return. If that is the case, I wouldn't worry about some summary worksheet not showing up correctly.
