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Get your taxes done using TurboTax
Not sure what loss commission is. If it is money you would have gotten but did not, you can’t deduct that. Many businesses do not have a profit from time to time. If you have good records you need not be concerned. If you have a loss more than 2 times in 5 years you will be considered as having a hobby and can’t deduct any expenses.
EDIT. 3 times in 5 years is correct as pointed out by @Opus 17.
September 3, 2022
9:26 AM