If you have other income, your business loss first applies to reducing this income in the current tax year. If you had $20,000 in W-2 income from an employer, $2,000 in passive interest income, and $18,000 in business losses, you would pay tax on only $4,000 of income, or $22,000 minus $18,000.
Fairfield is located in northwest California. Fairfield is part of Solano County. Fairfield has 37.39 square miles of land area and 0.25 square miles of water area. As of 2010, the total Fairfield population is 105,321, which has grown 9.51% since 2000. The population growth rate is about the same as the state average rate of 9.99% and is about the same as the national average rate of 9.71%.
Tulare County was created from Mariposa County in 1852 and Merced County followed in 1855. Fresno County was created from parts of Mariposa, Merced and Tulare counties on April 19, 1856. Fresno County gave up land for Mono County in 1861, which in 1866 gave up land to help create Inyo County. Fresno County's shape was determined by the creation of San Benito County in 1874 and Madera and Kings Counties in 1893. The boundaries of California's 58 counties have not changed since 1907. Laton is located about 20 miles due south of the City of Fresno, which is the county seat. It's also situated almost smack-dab in the middle of Fresno County's southeasterly border along the banks of the Kings River; the dividing line between Fresno County and Kings County.