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Can my business expenses be written off against my wife's income since we file jointly?

Asked by Kingkamandi (149points) January 9th, 2008

I started a new biz at the end of 2007 (a sole proprietorship) and made very little money. Since I have business expenses that far outweigh the business’ actual income, can I use the expenses as a deduction against my wife’s income since we file jointly?

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