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re: Feeling broke on a $665K salary
Posted on 1/21/24 at 2:57 pm to Puffoluffagus
Posted on 1/21/24 at 2:57 pm to Puffoluffagus
quote:
there's a cap on carry over losses which is small.
1
Posted on 1/21/24 at 3:09 pm to Corinthians420
quote:
Corinthians420
Feel free to actually make a rebuttal with evidence. Certainly yes there's carry forward losses on business entities and corporations in regards to profits at a fairly large percentage. This is helpful for businesses etc.
But on an individual level for income tax purposes there's a finite annual limit. Which on a million dollar income is pretty neglible.
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