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-   -   Small Business Loss (https://www.askmehelpdesk.com/showthread.php?t=316728)

  • Feb 12, 2009, 06:01 PM
    VPENZA
    Small Business Loss
    If a small business took a $10,000 loss for 2008 what percentage would you get back on your taxes?
  • Feb 13, 2009, 01:16 AM
    Clough

    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!
  • Mar 3, 2009, 03:37 PM
    AtlantaTaxExpert
    Depends on your marginal tax bracket for your OTHER income. Probably 25%.
  • Mar 3, 2009, 08:35 PM
    IntlTax

    It does depend on your other income. You may get nothing back.

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