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Posted by Benjamin Yazersky CPA on August 30, 2007, 11:20 pm
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> I am a new business trying to understand .....Can a S corp
> deduct any business losses, if so is it Schedule E to line
> 17 of the 1040 (if used)? If so does a dollar limitation
> apply.
An S corp is generally a pass through entity.
Many items are separately stated.
Accordingly, most limitations apply at the individual level.
State treatment varies.
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-----> real address on hobokeni or hobokenx <-----
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