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    therthib
    New Member

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

     
    posted
    ‎October 30, 2019 3:15 PM
    last updated ‎October 30, 2019 3:15 PM
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    Accepted Solutions
    TurboTaxJennifer
    Level 11

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

    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.

    View solution in original post

    ‎October 30, 2019 3:15 PM
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    1 Reply
    TurboTaxJennifer
    Level 11

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

    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.

    ‎October 30, 2019 3:15 PM
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    1,652
    Reply

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