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Sch C line 31 should be zero - Customer believes that the excess loss to the income should be carried over into the next year

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On the Sch C line 31 the amount is a loss - based on the Sch C line 31 instructions ..If loss go to line 32. Line 32 has a 32a and a 33b. Based on the instructions for this line - check the box that describes your investment -- if you check box 32a as is the case on this return the amount will flow to Sch C, line 31 and to Schedule 1 - this will flow to 1040. If line 32b - for some investment at risk, in addition to completing form 6198 - Sch C line 31 will be zero and loss will carry over.

Tags: federal,form