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Thread: Tax Returns

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  1. #1
    GRADS
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    Quote Originally Posted by Ziggy View Post
    I have never had to pay.
    With the biz losses I had from 2010-2012 my tax guys told me they have enough to deduct for at least 10 years, by then I can collect Social Security, if there's any left
    Yep me too, my business losses got me back over 100K between 2009-2011. Usually you can only collect for 3 years, you might want to check.

  2. #2
    Senior Member SBS933's Avatar
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    Oct 2012
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    I thought all that business loss shit ended with Reagon W.T.F.
    Believe 1/2 of what you see and nothing of what you hear.

  3. #3
    Senior Member Ziggy's Avatar
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    Oceanside Ca./Lake Havasu City AZ.
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    Quote Originally Posted by GRADS View Post
    Yep me too, my business losses got me back over 100K between 2009-2011. Usually you can only collect for 3 years, you might want to check.
    They are able to 'carry forward' the losses each year and deduct a portion. They explained it back then, can't recall details. May have to do with amortized something or others
    I love my wife, my wife loves me.:encouragement:

 

 

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