Communications
club_cafe
HelpRegister
Carryover losses from last year/years past
Hi,
I'm doing taxes for our club and the following question came
up: How does one input carryover losses from last year's
/past years? There's no question for it in the tax
interview.
Thanks in advance for any help,
Rhonda
You don't, because there aren't any. Losses are distributed to your members each year. If they can't use the full loss, it's their responsibility to track how much gets carried to the next year.
 
Ira Smilovitz
 
 
 
In a message dated 02/23/09 20:59:53 Eastern Standard Time, rhondalee@bivio.com writes:
Hi,
I'm doing taxes for our club and the following question came
up: How does one input carryover losses from last year's
/past years?  There's no question for it in the tax
interview.
Thanks in advance for any help,