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April 15, 2024
Question

Business Loss

  • April 15, 2024
  • 0 replies
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I started up two businesses in 2021, ended up closing them both in 2022. The losses exceeded the gains and since I haven't had taxable income until 2023, I didn't bother reporting the loss on previous returns. How would I go about doing that now? It was approximately $80k in loss (includes deduction for gains).