If my S Corporation has losses how much can i deduct on my personal tax return I have a Florida based medical practice. This year I took a big salary and along with my pension plan, it seems that my S corporation has a 100,000 dollar loss or so.
Can I deduct all of these losses on my personal tax return without any limitations?
Of course there is no florida tax return to file and so I have no need to worry about Florida tax issues. Thanks for your reply.. |