Two years ago you had a net loss of 95000 and last year you


Question - You are finishing your 3rd year in business with $540,000 of gross income and $274,000 in deductions. Two years ago, you had a net loss of $95,000 and last year, you had a net loss of $70,000. Calculate your taxable income for this year.

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Accounting Basics: Two years ago you had a net loss of 95000 and last year you
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