ILLMAS Posted August 3, 2021 Report Share Posted August 3, 2021 Do you have threshold as to when to carryback a loss for a corporation? Quote Link to comment Share on other sites More sharing options...
Lee B Posted August 3, 2021 Report Share Posted August 3, 2021 I usually carryforward unless there is a substantial amount of money available or it's doubtful there will future profits generated to be offset, especially since prior to 2018 the 1st $ 50,000 was taxed at the lower 15 % rate. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.