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Question re start up and taxes

areaK

areaK subscriber Posts: 1

January 2007 edited January 2007 in Startup Funding

I am trying to find out if money placed into a commercial acct. not allocated as start-up costs is taxed right off the bat? Any feedback would be so appreciated. Thanks

K.

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Comments

MNGrillGuy subscriber Posts: 2 Member

January 2007

Taxes arise from business activity. Moving money from one place to another does not lead to a tax event.

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