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Deductions & credits
Yes, you can claim this as a business loss.
- You paid $9,000 for the load when it was refused.
- This then became inventory.
- You stated that you disposed of it.
- Did you get any compensation from the disposal.
- Any amount received would be deducted from the $9,000 and represent your loss.
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ā€ˇFebruary 2, 2021
6:36 AM