Confused about S Corps?
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When a business fails, the investors take losses as capital losses on their taxes, which, as we all know,  have limits on how much you can deduct each year (generally up to $3,000 per year). But there’s a special tax rule called Section 1244 that lets some investors treat their loss as an ordinary loss instead. Ordinary losses are better for tax purposes since you can directly deduct them against other income on her tax return. So the big question is : Can S Corporation