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%.
The name was taken from the city of Riverside, which is the county seat. Riverside County is included in the Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area, also known as the Inland Empire. The county is also included in the Los Angeles-Long Beach, CA Combined Statistical Area. There is a high concentration of sprawling tract housing communities around Riverside and along the Interstate 10, 15, and 215 freeways.