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Old 04-02-2014, 10:59 PM
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Started a fishing business

My husband and I purchased a fishing vessel and limited entry permit in Alaska. We made repairs to the boat, and maintained it for the year 2013. We did not start actually catching fish until 2014. Can we file for 2013 and show a loss for our investment into the new fishing business?? We invested $150,000 total. Or do we have to wait until 2014 federal taxes are filed to deduct our expenses incurred in 2013?



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