TaxKen
Level 2

Another Sch C 8829 Question - if I have 400 left of Sch C income before 8829 deductions, and 2,000 of 8829 expenses, its limited to the 400 and C/F the remaining 1,600. However, this is the final year for this sch C business, and no further business income is anticipated. Can we bypass the income limitation for the CY and claim these deductions to increase the Sch C loss in the final year? Or are these carried forward indefinitely, being essentially lost forever?

0 Cheers