‘losses’ Tagged Posts

Can gambling on slot machines be run as a legitimate small business for tax purposes?

Winning jackpots means W2-G forms that increase gross adjusted income even if losses can be claimed as itemized deductions. How can I avoid this? ...

 

Winning jackpots means W2-G forms that increase gross adjusted income even if losses can be claimed as itemized deductions. How can I avoid this?

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Posted in Tax Deductions Q & A | 5 Comments »

Small business tax deductions forwarded to 2010?

 

If i open a business today and inccure ,000 in cost to deveolp my software concept and file it on a 2009 tax report and have no income, can i forward those losses and deduct them on 2010 taxes. I am filing for an LLC in florida

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Posted in Tax Deductions Q & A | 1 Comment »

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