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Carrying Forward Business Losses for Tax Purposes

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Significant business deductions, even if they exceed current income, can create a loss that can be carried forward to offset future taxable income in subsequent years, effectively reducing future tax liabilities.
"So now you have zero dollars of taxable income, but you still have a lot of money left over in this ..."
Minority Mindset Minority Mindse...
Nov 12, 2023
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