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Thank you @TaxGuyBill . I know one business NOL can't offset another business positive income so, unfortunately, my mind was taking it another step as if ALL in...
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Single member, yes. At some point this year, and for whatever reason, he elected S-corp as of 2021. No, I' not sure why.
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Hi @sjrcpa He as operational and fully registered (state and Fed) Sept 2020. He wasn't profitable yet but I don't think it occurred to him to file a Sch C with ...
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I'm trying to amend so they'll have their NOl carryfoward for 2021 but it's trying to offset their employment income from their regular jobs.What am I missing?T...
