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Do Net Operating Losses get included in the Personal Property column?

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    Do Net Operating Losses get included in the Personal Property column?

    I'm trying to figure out if the net operating losses of a business get included in the Personal Property column. So, is the tax refund included in that category. Or is Personal Property only physical stuff that could be sold?

    #2
    Welcome to BKForum.

    What "personal property column" and on which form are you speaking. Also, I don't understand the tax refund question either. A tax refund is income, but you would just adjust your actual withheld tax to include the refund; in other words, use your true withheld tax amount after considering a tax refund.

    (A potential, future anticipated, tax refund is considered property. There are legal strategies on what to put for the amount on Schedule A for an anticipated tax refund. Most attempt to exempt a future tax refund as best possible on Schedule C considering all other exemptions and potential pitfalls overusing a wildcard.)

    I'm assuming you're trying to file Pro Se. Do you have a guidebook?
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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