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| I was the owner of a small business that just recently went under. I had $12,000 put aside for taxes this year on my business. I want to know what my options are so that I can use these funds and not have to pay the taxes on my business this year. Meaning, can I spend this put aside tax money to try another start up business and because those expenses are tax deductible, I I won't have to pay taxes this year on my last business (becomes a wash)?
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