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Level 2
March 31, 2023
Question

I had a business loss in 2021 and a business loss in 2022 but the business loss amount is populating in the Business income row on the Federal Income Tax Summary page?

  • March 31, 2023
  • 1 reply
  • 2 views
Can someone help me understand why?
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1 reply

itonewbie
Level 15
April 1, 2023

If that's a Sch C §162 ToB, why should it now be shown on the summary?

---------------------------------------------------------------------------------Still an AllStar
Level 2
April 13, 2023

I meant to say I had a business loss in 2021 and a business loss in 2022 but the business loss amount is "not" populating in the Business income row on the Federal Income Tax Summary page?

The business loss is lowering taxable income

Level 15
April 13, 2023

@coopstah2001 wrote:

The business loss is lowering taxable income


 

 

It sounds like it is correctly being reported on the tax return.  If that is the case, I wouldn't worry about some summary worksheet not showing up correctly.