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Losing money
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Deaner
Posted 9/28/2020 16:43 (#8519925 - in reply to #8519075)
Subject: RE: Losing money


Northern Ohio
My accountant has pointed out that it is bad business to show a loss on federal income, that it is better to show a minimal amount. You would lose standard deductions and such if you show a loss.
How do you pay off non depreciable assets of any size such as land without paying income tax on that amount?
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