Tax Season - Page 2

mbyron · #1 (**permalink**) Tue Apr 07, 2009, 04:12pm

Quote:

Originally Posted by Mark T. DeNucci, Sr.

mbyron:

How did you carry over a loss on a Schedule C from one year to the next? That is a new one to me.

MTD, Sr.

Hmm, I might be thinking of local tax, which is freshest in my mind. Never mind that part...

Johnny Ringo · #2 (**permalink**) Mon Apr 20, 2009, 05:59pm

Quote:

Originally Posted by mbyron

I made $8K+ officiating last year, reported all of it, and reported net income of $487 (after expenses). In 2007 I had a $900 loss, which carried over, so I'm paying no tax on my 2008 income.

You made $8k and after expenses made only $487?

mbyron · #3 (**permalink**) Tue Apr 21, 2009, 06:45am

Quote:

Originally Posted by Johnny Ringo

You made $8k and after expenses made only $487?

Yes.

#4 (**permalink**) Tue Apr 21, 2009, 07:45am

Quote:

Originally Posted by mbyron

Yes.

Hmmmm....we need to talk!

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