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New Member
posted Oct 30, 2019 3:15:00 PM

Can I report negative income as I had a loss in my business?

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1 Best answer
Level 11
Oct 30, 2019 3:15:01 PM

If your expenses exceeded your income, you will have a business loss. This loss can be applied to other types of income or carried forward if you didn't have any other income in 2017.

1 Replies
Level 11
Oct 30, 2019 3:15:01 PM

If your expenses exceeded your income, you will have a business loss. This loss can be applied to other types of income or carried forward if you didn't have any other income in 2017.