Re: Speakin' of taxes, tax Q... |
Subject: Re: Speakin' of taxes, tax Q... by Matatk on 2008/12/16 2:17:23 Did you file taxes after 05? Did you have business income after 05? You should have included the losses on your 05 return. The losses could have been deducted against business income up to the equal amount. Any loss over income should have been carried forward to 06 to offset income as well. It's been a while since I was in the tax business, so I don't remember how it affects income not generated from a business or capital gains. Check with your accountant. Matthew |