Question
If I have $80,000 recaptured gain and I have $60,000 business loss in 2022, how much am I allowable to use business loss as lookback
If I have $80,000 recaptured gain and I have $60,000 business loss in 2022, how much am I allowable to use business loss as lookback for next year? Or is it not possible to use business loss as lookback for next year?
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You can use a portion of your business loss to offset the recaptured gain but theres a limit Heres h...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
