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

    Sep 7, 2007, 08:56 AM
    Out of buiness, what's next
    I bought a tractor and trailer(a little over $55,000) and went into a business for myself for almost 3 years. Due to high fuel prices and other related issues i went out of business lost all my money. Someone advised to check into how to claim some of my losses back. I really do not have a clue how to go about that
    Can someone share some light on this subject for me
    Broke in lawrenceville ga
    Thanks:mad:
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Sep 7, 2007, 09:01 AM
    You can only claim losses up to your income. I would contact a CPA.

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