if we invest 25,000 of our own personal money into a regular corp or an llc (tha

  1. profile image47
    Clansinghposted 7 years ago

    if we invest 25,000 of our own personal money into a regular corp or an llc (that we exclusive...

    own) can we deduct the investment expensive. We're not buying anything we are essentially just transfering the $ from one entity to another.

  2. profile image55
    cloud9bookkeepersposted 5 years ago

    If you are referring to deducting the invest expense for tax purposes then the answer is no.  You are making a capital contribution to your company, which is not a deductible investment expense.  The caveat is that when your company starts to produce income and you take owner's draws, you will not be taxed until you have received your initial capital contribution back.

 
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