Question by Jonathan: Can I claim a loss on my personal taxes for money that I invested in a C corporation?
I invested several thousand dollars in a C corporation for startup capital and I did not see any return on investment this year. How do I leverage this against my personal income tax liability?
Best answer:
Answer by Wayne Z
You don’t.
You hold it as an investment the same way that you would hold any stock investment.
If you sell your shares at a loss, then you could claim the loss.
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