Writing Off Business Losses from 2020 – How It’s Different Than Prior Years

Drucker & Scaccetti

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Undoubtedly, 2020 was a difficult year for businesses due to the pandemic. Many sustained significant losses because of temporary closings or reduced sales. Today, we will focus on 2020 tax law changes related to business losses and how to best utilize those losses in your tax filings.

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Updated: March 30th, 2021

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