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elite909
Level 2
October 14, 2025
Question

Form 461

  • October 14, 2025
  • 1 reply
  • 9 views

I have a critical diagnostic that I believe is relating to Form 461, now when I check the form line 16 is not making sound. When I deduct line 15 to line 14 its not negative, hence it should not show to line 16. 

1 reply

George4Tacks
George4Tacks
Level 15
October 15, 2025

Remove the input for the form? Did you read the instructions?

"File Form 461 if you’re a noncorporate taxpayer (including a trust subject to tax under section 511) and either (i) your net losses from all of your trades or businesses are more than $305,000 ($610,000 for taxpayers filing a joint return), or (ii) you would report a loss of more than $152,500 on any one of Form 461, lines 1 through 8."

Is it required?

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