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chk486
New Member

I am sole proprietorship and also have employment income. My business generated a loss, I want it carried forward not applied against employment income. How do I do this?

 
1 Reply

I am sole proprietorship and also have employment income. My business generated a loss, I want it carried forward not applied against employment income. How do I do this?

You can’t carry forward a non-capital business loss if you have other income that you can apply it too.