I have a question about a schedule c loss generated this year that does not appear to have been taken ( maybe I am just looking in the wrong place) and was not carried over. Someone told me that this loss would be lost for good unless I itemized, Is this the case?
You mean the loss didnt flow to the front page of the 1040? (or I guess its Sch 1, Line 3 nowadays)
Schedule C loses have nothing to do with itemizing....are you a professional tax preparer?
I think you may be in the wrong place...this forum is for tax professionals using Intuit's professional tax software, it appears you may be looking for DIY help.
Please visit the TurboTax Help site for DIY support, they may be able to help you.
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