Previous Tax years
January 18th, 2012 by Questions
I lent money to my business and it went bankrupt. The loans give me a tax loss that I understand I can apply against income for the past three years and get a refund or apply against future income in the next 10 years. I am going bankrupt. Will the trustee make me use the losses against previous years income so there would be a refund he could apply against my debts?
Posted from: Ontario
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