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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Friday, Feb. 1 Expenses – At-Risk Rules #117At-risk rules limit business losses from most activities to the amount the taxpayer has at risk in the activity. Taxpayers can treat any loss that is disallowed because of the at-risk limits as a deduction from the same activity in the next tax year. If losses... Subscribers have free access to the archives. Click here. |
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