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SOME TAX RETURNS LATE. 2015 HAS BUSINESS LOSSES BUT CAPITAL
I AM FILING SOME TAX RETURNS LATE. 2015 HAS BUSINESS LOSSES BUT CAPITAL GAINS. CAN i CARRY BACK BUSINESS LOSSES FROM 2016 AND 2017.? … read more
emc011075
emc011075
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Two questions: is the net income ratio $400+ (so starting at
two questions: is the net income ratio $400+ (so starting at $401) or does it start at exactly $400.2- how does the claiming the loss to offset future income benefit/process work… read more
Carter McBride
Carter McBride
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I incurred a net operating loss from my rental property in
I incurred a net operating loss from my rental property in 2016 and 2017. I don't have any other income. I owed and paid taxes in 2015. Can I amend 2015 return to apply this nol carryback from 2016 an… read more
Lev
Lev
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Bachelor's Degree Equivalent
35,801 satisfied customers
I have been working with a tax firm in California. The
Hello. I have been working with a tax firm in California. The company I work for has had a loss for the last six years. The total loss being carried is $7.1 million dollars. In the current year I am w… read more
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I was just talking to you about a CPA is there one I can
hi i was just talking to you about a CPA is there one I can talk to now … read more
Mark Taylor
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I haven't filed returns since 2013. In 2012, I have AGI of
Hello: I haven't filed returns since 2013. In 2012, I have AGI of $1,412,78. In 2013 (filed) I had AGI of $431,870. In 2In 2014, I had AGI of -$164,881 (including a loss of $177,233 on a rental home).… read more
Mark Taylor
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We have been filing jointly as husband and wife and have
Hello We have been filing jointly as husband and wife and have incurred losses can I get some information as we are trying to purchase a home … read more
Stephen G.
Stephen G.
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Bachelor's Degree
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If I have a negative amount in line 31 of my profit or loss
If I have a negative amount in line 31 of my profit or loss from business in 2015 do I carry this forward as a net operating loss this year? … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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Our business, an LLC, showed a loss of $142,000.00 in 2015
Our business, an LLC, showed a loss of $142,000.00 in 2015 and owe no taxes. We owe $17,000.00 from 2014. My question is can we use that loss from 2015 against the 2014 taxes?… read more
Jonathan Tierney
Jonathan Tierney
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My daughter had a partnership that was dissolved in 2014.
Customer: ***** *****, My daughter had a partnership that was dissolved in 2014. She had a huge loss on her K1 that year. She was a 51% general partnet. The loss was from 3 bakeries that she had opera… read more
Mark D
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A small, closely held U.S. Corporation has failed to file an
A small, closely held U.S. Corporation has failed to file an Income Tax Return for years 2011, 2012 and 2013 due to the owner's mistaken belief that none needed to be filed since there were no income … read more
Stephen G.
Stephen G.
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Bachelor's Degree
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, I am an individual with a huge amount of investment losses
Hi, I am an individual with a huge amount of investment losses that i am carrying forward every year (about $300,000). But i have no job and zero income. Therefore no write-off's help me out. My quest… read more
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PDtax, You may recall that I just filed a 2012 NY Form
HiCustomer You may recall that I just filed a 2012 NY Form CT-3 for a Fed S Corp and reported a Net Operating Loss. Now I am filing the 2013 NY Form CT-3. The 2013 FTI is far in excess of $10,000. A r… read more
PDtax
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An LLC corporation owned by 2 individuals operate a small finace
An LLC corporation owned by 2 individuals operate a small finace company dealing in auto contracts. They loaned a dealer some $200,000 4 years ago. Dealer filed BK 7 (discharged) owing LLC $212,000 To… read more
Lev
Lev
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I need the expertise of an accountant. I started an internet
I need the expertise of an accountant. I started an internet consulting practice in 2010 and incurred expenses to develop the site, pay consultants, etc but have not made any income. I want to be able… read more
CGCPA
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I have owned many rental properties over the last 10 years.
I have owned many rental properties over the last 10 years. As the economy went south so did my properties. My losses were stagering. I use turbo tax to do my tax returns. In 2008. I show a 749K loss … read more
MequonCPA
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If I cant use all of my S-Corp loss to offset other taxable
If I can't use all of my S-Corp loss to offset other taxable income in the current tax year, can I carry the loss forward to offset taxable income in future years?… read more
Mark D
Mark D
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This question is with regards XXXXX XXXXX Loss Carryover/Carryback
This question is with regards XXXXX XXXXX Loss Carryover/Carryback rules -- in our about 2005 my then CPA prepared and filed amended returns for my 1997, 1998 & 1999 personal tax returns carrying back… read more
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