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You can always deduct ordinary and necessary business expenses from the income, and carry them over next 20 years. This is completely normal.
by xyzzyz 7y ago
You can always deduct ordinary and necessary business expenses from the income, and carry them over next 20 years. This is completely normal.
- gnicholas 7y ago> You can always deduct ordinary and necessary business expenses from the income Except for costs that must be capitalized and depreciated/amortized, which includes lots and lots of things (computers, furniture, anything else with a useful life)