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Old 01-24-2008, 01:06 PM
larry larry is offline
Junior Member
 
Join Date: Feb 2007
Posts: 10
How can I take advantage of business losses in my unincorporated business?

I have made losses of about $23,000 in my business that is not a Corporation or an LLC. My spouse has W-2 income in 2007 that is about $45,000.

Is there are way that I can take advantage of these losses in any way if I file married filing jointly?

Thanks.
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