charliebilly
Junior Member
North Caroliana; I have a loss for the first time on the Schedule C anticipated for 2007...in my mock up of the return it is reported on line 12 Bus Inc/Loss and produces a reduction of income which THEN is wiped out altogether by my itemized deductions which are substantially more than the adjusted gross income. DO I EVER GET TO "BENEFIT" FROM THE DIFFERENCE as a "carryforward loss"