Expenses incurred trying to get a business started in 2020, but didn’t due to covid. Can we file a loss to recoupe some of the money we lost? Is there a time limit?
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Expenses incurred trying to get a business started in 2020, but didn’t due to covid. Can we file a loss to recoupe some of the money we lost? Is there a time limit?
Expenses incurred trying to get a business started in 2020, but didn’t due to covid. Can we file a loss to recoupe some of the money we lost? Is there a time limit?
If the business never started, then the losses are not deductible.
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