My LLC is currently inactive with both $0 income and expenses. So, as far as I know, Schedule-C does not need to be prepared. but I still need to file 8995 to report loss carryforward. However, FreeTaxUSA requires me to add a Schedule-C to file 8995. Problem is that if I set the income and expenses on Schedule C to $0, I…
I am a NY resident but I am a member of a partnership LLC operating in VA. It had a big loss in 2024. In 2025, the LLC made a small profit but my k1 income in 2025 is still less than 2024 loss carry-forward. Since the LLC had income in 2025 and the VK-1 I received showed a positive number, I assume I need to file a…
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