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Closing a sole proprietorship

wrightlj
Level 3

Are home office deductions carried forward from prior years deductible in the year the business closes?

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5 Comments 5
sjrcpa
Level 15

Only if there is sufficient income to allow the deduction.


Ex-AllStar
wrightlj
Level 3

Sufficient Schedule C income, or other - wages, etc.?

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jeffmcpa2010
Level 11

Schedule C.

wrightlj
Level 3

Thank you!

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wrightlj
Level 3

Thanks 

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