In a sole proprietorship, how do you deduct business losses?
What will be an ideal response?
Ans: owner may use losses to deduct other income on individual tax returns
Business
You might also like to view...
What happens when inventory in base year dollars decreases?
a. LIFO reserve increases. b. LIFO layer is created. c. LIFO layer is liquidated. d. LIFO price index decreases.
Business
In terms of the creative brief, an endorsement by 8 out of 10 doctors recommending a product is a form of:
A) disclaimer B) message theme C) support D) constraint
Business