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There is no deduction for "a business" in the way you describe. That's....not how it works.
by harryh 10y ago
There is no deduction for "a business" in the way you describe. That's....not how it works.
- JKCalhoun 10y agoI own real estate I rent out. I can deduct all manner of things related to that business from the rental income (insurance, property tax, etc.). In what way are we talking about different things?