846-Friday Q&A: 3 Corrections, Whole Life, High Interest CC Debt, Living Library, Disability Insurance, Foreign Language, Etc.
Radical Personal Finance
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Will I Be Able to Deduct My Business Losses Against My Income?
You can't deduct your business losses against your i r a distribution. The only other idea that comes to mind would be if you could somehow your affairs in order to take advantage of the 60 day roll over of an i r a. Filing for an i t i n does not create a tax nexus with the united states. So any non us person can establish an i ti n international tax id number analogous to a soial security number. And that number can be used to start building a credit profile.
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