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2018 taxs

In 2018 I invested $30000.00 in a business that failed, loss all my money. How can I write it off? 

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2018 taxs

It depends on how you "invested" the money.

 

  1. Did you start your own business and spend $30,000 in equipment?
  2. Did you become a Partner in a Partnership and the business failed?
  3. Did you buy stock in a corporation and that stock is now worthless?
  4. Did you LOAN money to a business and that business is now out-of-business?
  5. Something else?

Please provide as much detail as possible.

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