- 1 -
|
SCHEDULE C OMB No. 1545-2294
Loss Netting and Carryforward
(Form 8995-A)
Department of the Treasury ▶ Attach to Form 8995-A. 2021
Attachment
Internal Revenue Service ▶ Go to www.irs.gov/Form8995A for instructions and the latest information. Sequence No.55D
Name(s) shown on return Your taxpayer identification number
If you have more than three trades, businesses, or aggregations, complete and attach as many Schedules C as needed. See instructions.
1 Trade, business, or aggregation name (a) Qualified (b) Reduction for (c) Adjusted qualified
business loss netting business income
income/(loss) (see instructions) (Combine (a) and (b).
If zero or less,
enter -0-.)
( )
( )
( )
2 Qualified business net (loss) carryforward from prior years. See instructions . . . . . . . . . 2 ( )
3 Total of the trades, businesses, or aggregations losses. Combine the negative amounts on lines 1,
column (a), and 2 for all trades, businesses, or aggregations . . . . . . . . . . . . . . 3 ( )
4 Total of the trades, businesses, or aggregations income. Add the positive amounts on line 1, column
(a), for all trades, businesses, or aggregations . . . . . . . . . . . . . . . . . . . 4
5 Losses netted with income of other trades, businesses, or aggregations. Enter in the parentheses on
line 5 the smaller of the absolute value of line 3 or line 4. Allocate this amount to each of the trades,
businesses, or aggregations on line 1, column (b) . . . . . . . . . . . . . . . . . 5 ( )
6 Qualified business net (loss) carryforward. Subtract line 5 from line 3. If zero or more, enter -0- . . 6 ( )
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 72684K Schedule C (Form 8995-A) 2021
|