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I had a project (Live Concert) that my business seeked out investors to bring about. The project failed and the investors have lost their investment. I wanted to have the information reported to them in the appropriate IRS format. I have all of the information in an Excel spreadsheet, which includes investment, sales and expenses. I do not think this makes a difference but the business is located in Florida. Since Florida has no state tax, I do not think it will matter.
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