There’s a provision in the Tax Cuts and Jobs Act (TCJA) tax reform that hurts business start-ups and struggling business owners.
And no one is really talking about it.
This rule prevents you, the business owner, from using all your business losses against non-business income if the losses are too big (as determined by Congress).
We’ll tell you what this rule does, when it applies, the tax hit you’ll take, and whether there’s anything you can do to avoid it (hint, there is). ... Log in to view full article.