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Tax Question
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04-03-2008, 11:00 AM
baddog
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Join Date: Apr 2001
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Yes, it can be written off as a loss, however, I believe there is a limit as to how much you can declare per year. It used to be 8k.
So you could write off 8k this year and 2k next.
You should probably confirm that the amount has not changed.
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