Amber G. asked

💰  Tax

What is the correct way to use a small business loss from 2014 as a deduction on 2015? Can it be done on Schedule A, line 28 under miscellaneous deductions?

May 28th, 2023

Martin H. answered

You can only deduct an operating loss in the year it was incurred unless you use the Net Operating L...

May 28th, 2023

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