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New Member
posted Jun 14, 2025 2:16:26 AM

I started a small business that failed can I write off what I spent on products I purchased to start the business?

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1 Replies
Employee Tax Expert
Jun 20, 2025 1:08:13 PM

Assuming your business was started with the intent of making a profit, then any operating expenses incurred would be considered a deductible business expense.  Please see what can I write off as a business expense for more details.