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Do I have to pay taxes on a business that is losing money 2024?
Questioner：Charlotte Patel 2023-05-08 00:38:55
The most authoritative answer in 2024
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Oliver Smith——Works at the International Organization for Migration, Lives in Geneva, Switzerland.
If the total deductible expenses for your business are greater than its income then it will have a loss for tax purposes. The business will not have to pay tax and the loss can generally be used to reduce income in future income years.read more >>+119962023-05-09 00:38:55
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