If I make $5000 this year as income for theatre projects, how do I deduct the expenses I incurred the previous year when the project was in development?
I'm working on 2025 taxes. I used to be able to take the deduction. I can't now as I didn't make enough income. There is no "Federal Tab" that I can find. Can y...
I'll have to go into the worksheet and take a look. It should be fairly straighforward because it's all zero. Yes, the "Taxable" and the "Adjusted" makes it all...
Thanks for the explanation. But what is still confusing me is the Line Items. When the 1040 and Schedule D shows up at the IRS, do they look at the Line 15 and ...
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