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March 28, 2023
Question

BUSINES LOSSES

  • March 28, 2023
  • 1 reply
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i HAD BUSINES LOSTS THIS YEAR. I ENTERED THEM ON MY FEDERAL RETURN. IS THIS DATA TRANSFER TO MY STATE RETURN AUTOMATICALLY; OR DO I HAVE TO ENTER IT MANUALLY?  IF I HAVE TO ENTER IT WHERE?

    1 reply

    March 29, 2023

    schedule C should transfer automatically as should losses reported through K-1s but the state loss can differ from the federal loss so you would need to go through the state interview.