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Finance

Why Posting a Net Loss Isn't a Bad Thing Come Tax Time

- VIP Contributor
Author, Attorney and CPA
min read
Opinions expressed by Entrepreneur contributors are their own.

You posted a net operating loss for the year. While obviously not ideal, it isn't necessarily a bad thing when it comes to your taxes, says accountant Mark Kohler. If you aggressively track expenses, you can actually increase your net loss, which you can claim on the current or next year's return, he says.  

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