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Daily Archives: March 14, 2018

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Tax Reform Puts a Cap on Deducting Business Losses

Blog, Business Owner/Self Employed, TaxBy Henssler FinancialMarch 14, 2018

The tax reform law didn’t outlaw business losses. It just limits your losses. Excess losses are treated as a net operating loss (NOL) and carried forward to the next year’s return. We explain in this week’s Tax Tip.

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