The owner of a business which is a single-member LLC is also a single taxpayer in 2018,
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Question:
The owner of a business which is a single-member LLC is also a single taxpayer in 2018, the LLC had an income of $235,000 and business deductions totaling $575,000 which resulted in a net loss can this business loss be used to offset other income, if so, how much?
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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