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Deductions & credits
Thanks for the great answer. It seems to me that if I can expand the business in future years, it could become profitable on its own. I have room for many campsites, so I can develop more given some time and sweat equity. I also have a landscaping business that has shown a reasonably good profit for the past 25+ years. Can I just include the camping gig as part of that business? Then I would never be showing a loss, but on paper it would reduce my profits and save me some taxes.
‎December 31, 2021
11:21 PM