The Non Commercial Loss Rules

Business losses are required to be capitalized and carried forward indefinitely until you make future gains in that business. However, there are some rules called the non commercial loss rules. The her has a really good guard on their web side that goes through everything. So providing you meet an those tests, or one of those four tests and then the tests above, you can use that loss to offset against your other income. And this is why i like, you know, if you want to do all that stuff, jgo slow. Like, i don't think we have to run to the accounter and set up an elaborate company structure or a trust structure. Just see if he can actually get out