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What are the big definitional difference(s) between a small business on the gain side vs. on the loss side. Not the difference in tax benefits
What are the big definitional difference(s) between a small business on the gain side vs. on the loss side. Not the difference in tax benefits for gains vs. losses; rather, how a corporation qualifies in the first place as a small business. Your response should be 3-4 sentences but not much lengthier (if at all).
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