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July 14, 2020
Question

Do i have to choose at risk box or not at risk box if i had a business that was a loss?

  • July 14, 2020
  • 1 reply
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1 reply

July 15, 2020

Yes. 

 

Whether or not your loss is deductible may depend on your at risk answer.

 

"At risk" means that you have money invested in the business (or whatever) that you would lose if the business or whatever goes belly-up.

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