The sole proprietor has the right to deduct business losses on his individual tax return.

Name: The sole proprietor has the right to deduct business losses on his individual tax return.
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Question

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All of the income of a sole proprietorship is income to its owner and must be reported on the sole proprietor's individual federal income tax return.Likewise,any business losses are deductible without limit on the sole proprietor's individual tax return.

The Sole Proprietor Has the Right to Deduct Business Losses