User Panel
User Panel
User Panel
USA
|
Posted: 3/2/2024 4:16:29 PM EDT
Any tax gurus out there, I have a business loss to account for on my taxes and not sure how to account for it. It relates to the an auto loan and the loss of the vehicle.
Won't bore you with the details here but if you want to take a stab at it, please IM me. |
|
|
TX, USA
|
Posted: 3/2/2024 6:54:07 PM EDT
[#1]
As an individual, use schedule C, same as business income. https://www.irs.gov/forms-pubs/about-schedule-c-form-1040
|
|
|
|
Posted: 3/2/2024 7:00:37 PM EDT
[#2]
Are you doing schedule C? Also, I think the details would probably matter.
|
|
|
|
|
Posted: 3/2/2024 7:26:10 PM EDT
[#3]
If you are using something like TurboTax it should walk you through it.
If not, they have a chat feature where you can ask. |
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
