VPENZA
Feb 12, 2009, 06:01 PM
If a small business took a $10,000 loss for 2008 what percentage would you get back on your taxes?
Clough
Feb 13, 2009, 01:16 AM
Hi, VPENZA!
Since your question really has more to do with taxes, I've moved it to the Taxes forum topic area of this site, where it will be much more likely to get noticed by and receive the attention that it deserves by our Tax Experts.
Thanks!
AtlantaTaxExpert
Mar 3, 2009, 03:37 PM
Depends on your marginal tax bracket for your OTHER income. Probably 25%.
IntlTax
Mar 3, 2009, 08:35 PM
It does depend on your other income. You may get nothing back.