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wrightlj
Level 4
September 14, 2022
Question

Closing a sole proprietorship

  • September 14, 2022
  • 1 reply
  • 10 views

Are home office deductions carried forward from prior years deductible in the year the business closes?

This topic has been closed for replies.

1 reply

sjrcpa
sjrcpa
Level 15
September 14, 2022

Only if there is sufficient income to allow the deduction.

The more I know the more I don’t know.
    W
    wrightljAuthor
    Level 4
    September 14, 2022

    Sufficient Schedule C income, or other - wages, etc.?

    J
    jeffmcpa2010
    Level 10
    September 14, 2022

    Schedule C.

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