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Article Date:
August 2014

Word Count:



Tax Deductions for Failed Business



I had a bad year in 2013. I started an antique business in February and shut it down in November.


At start-up, I rented space in a strip mall and stocked my space with what you might call stuff from Goodwill and the Salvation Army, where I purchased about 75 percent of my inventory. The other 25 percent of the inventory came from other antique dealers and yard sales within a 30-mile radius of the business.


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