You can deduct business losses before you turn a profit

Name: You can deduct business losses before you turn a profit
Duration: 33 s
Description: The IRS handles business income year by year, so you can claim losses now instead of waiting until you're profitable.

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Think you have to wait until your business turns a profit before claiming losses on your taxes? TJ clears up this common misconception and explains how the IRS actually handles business losses year by year — which could mean deductions you're missing right now.

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