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As may also guess, the latter is what we picked. 
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As a C Corp however no tax on the loss, however there can be no flow-through to the shareholders would seem an S Corp. The loss will not help individual tax return at a lot of. A loss from an S Corp will reduce taxable income, provided there is other taxable income to reduce. If not, then an incredibly real no taxes due. anjing Obtaining a tax-deduction allows your contribution to be subtracted originating from a taxable income.
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