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    VPENZA's Avatar
    VPENZA Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 12, 2009, 06:01 PM
    Small Business Loss
    If a small business took a $10,000 loss for 2008 what percentage would you get back on your taxes?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #2

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Mar 3, 2009, 03:37 PM
    Depends on your marginal tax bracket for your OTHER income. Probably 25%.
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #4

    Mar 3, 2009, 08:35 PM

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