if you fail at a business are you allowed to use the deficit as a tax write off? - Ask TaxGuru

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03-15-2015, 04:41 PM

Phonesxpres Phonesxpres is offline

Phonesxpres is offline

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Join Date: Mar 2015

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if you fail at a business are you allowed to use the deficit as a tax write off?

Just wondering if I fixed and sold phones but ultimately ended up losing money is this a write off?

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