Hi:I have a small business that has been filing a Schedule C for about 10 years, usually showing a profit on Schedule C (and therefore having tax due).I was thinking of taking a (tax) year off, but the business will continue to have expenses (depreciation, rent, etc.).Can I use these expenses on Schedule C in the year I take off to create a loss on Schedule C? Or do I carry them forward? Or do I just lose them?Thanks.Brad
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra