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Los Angeles required my clients to shut down their Airbnb. Threre is $1200 remaining on the depreciation schedule. Not sure if LA will allow them to reopen. Wha...
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You are correct. I did not understand NOL's. I am still a rookie. Thank you for your help! I need to learn as much as possible.
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TP had a $35K NOL for 2018 on Sch. C. No tax was due. New Covid rules say we can now carry back 5 years starting with 2018 NOLs.In 2016 TP had wages of $67K wit...
