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I think I understand what you are saying. I'll give an example to clarify.Client has a 1040 AGI of $189,620 and a K-1 from S-corp with $-100,744 Ordinary Busine...
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I have a client who has an S-Corp who has lost money 3 of the past 5 years. I would like to apply these losing tax years to her profitable tax years 2017& 2018....