The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-really-thought-youd-get-an-answer-by-now-maybe-30938677.aspx

Subject:  Re: Small Business Tax Losses? Date:  10/23/2013  6:28 PM
Author:  Jeanwa Number:  119399 of 121219

I really thought you'd get an answer by now. Maybe they are all busy.

As far as I know you can deduct the business loss against other income. There isn't, as far as I know, a time limit for the business to be in operation. The lady I bought my nursery from was only I business for about 3 months. I really just bought the inventory, not the business.

Jean
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us