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%.
Bridgeport is a census-designated place (CDP) in and the county seat of Mono County, California, United States. It lies at an elevation of 6463 feet (1970 m) in the middle of the Bridgeport Valley. Bridgeport is located at the intersection of U.S. Route 395 and State Route 182. The population was 575 at the 2010 census.