Sure, especially if they own a corporation. My wife’s business was a net loss for a couple of years during COVID. We scrounged by on my salary so she could keep

Sure, especially if they own a corporation. My wife’s business was a net loss for a couple of years during COVID. We scrounged by on my salary so she could keep her employees and not close down for good. It got better, but our net income was negative even though we had what looked like a decent chunk of revenue. I’m glad we were taxed on net, not gross.