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Old 03-29-2009, 07:35 PM
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Join Date: Mar 2009
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S Corp - Should Books Balance with Net Loss?

Hello,
I started a S Corporation in 2008. It had no income and some expenses. Should my books balance with this situation? I am bringing in asset information from Form 4562. The S Corp is just me and started with a very modest "loan" from myself. I have had some travel expenses and purchases listed on Form 4562 which result in the net loss.

Thank you kindly,
Sally



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