Any Accountants Out There???

[Nancy]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Dan:
Thanks for the info everyone, it's most helpful. I haven't got an answer on my question of this affecting or usefulness with a new business. I will be starting a new business this spring & probably won't see any profit this year. The year will be spent mostly finalizing the product, drumming up clients, etc.

So given that, is this tax break still beneficial to me?

Thanks again,
- Dan

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SUT on order - 18 months to go!
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In addition to carrying back losses, you can carrying them forward. So, yeah, it should be beneficial to you too once you place it into to service for business purposes.

Nancy