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Deductions & credits
First, I don't consider it personal-use property as you do. I may lose the argument with the IRS, but I'm part owner of a business, a full business with liabilities and a 100% risk to my equity. I've also researched other resources that state my equity is a capital asset. If I made a profit, I have no doubt the IRS would demand every penny of tax, yet a loss can't be deducted?
‎February 15, 2022
7:57 PM