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Thursday, August 4, 2011
Can a business net loss be used as a deduction?
I am going to owe the IRS around $350 this tax year. I have a business, which i couldnt attend to this year and it has $120 in losses and $0 in revenue. Making it a Net Loss of $120. Out of the $120, $100 was for the business licenses, $20 ebay fee’s. My question [...]
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