Can I deduct money that I have invested in a business that my son is trying to start?

digioj · ‎June 1, 2019

Vanessa · ‎June 1, 2019

No, investments are not deductible until you sell your investment then it is deducted from your selling price to arrive at your profit.

Also, if you are not getting a share of the business for the investment, this is likely a gift which is also not deductible.

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Vanessa · ‎June 1, 2019

No, investments are not deductible until you sell your investment then it is deducted from your selling price to arrive at your profit.

Also, if you are not getting a share of the business for the investment, this is likely a gift which is also not deductible.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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